HomeTop Global NewsECB President Believes Central Bank Will Hit Inflation Target in 2025

ECB President Believes Central Bank Will Hit Inflation Target in 2025

European Central Bank President Christine Lagarde expressed confidence in the central bank’s ability to win the battle against steep inflation. “We are determined to bring inflation down to 2%,” Lagarde remarked, before revealing: “According to our projections we will get there in 2025.”

While some European governments have expressed concerns about the ECB’s tight fiscal policy reducing economic growth, Lagarde stood by the ECB’s interest rate hiking agenda, explaining that she isn’t worried about the political implications of the policy.

Although the ECB did hit a pause in its rate hikes during its last policy meeting, borrowing costs remain elevated as the bank seeks to further shrink inflation toward the 2% mark. Lagarde affirmed that maintaining price stability is the ECB’s main priority.

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