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ECB’s De Guindos sees inflation moving towards 2% goal in 2025

Euro zone price pressures continue to ease, giving European Central Bank policymakers increased confidence inflation will ease back to target next year, ECB Vice-President Luis de Guindos said on Friday.

“Headline inflation is there at 2.4%, core inflation below 3%. We believe that in the coming months inflation will fluctuate around these values,” De Guindos told a financial event.

“In the medium term, in the year 2025, we will be moving in a stable way towards our price stability objective which is 2%,” he added.

The ECB has all but promised a rate cut on June 6 so the discussion has shifted to how quickly its next move should come and what conditions must be met for more easing.
Source: Reuters (Reporting by Jesús Aguado and Emma Pinedo; editing by Balazs Koranyi)

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