ECB confident inflation will converge towards target in 2025, says De Guindos (#1686620)

The European Central Bank is confident that inflation will converge to the 2% target in 2025, as reflected in its monetary policy, ECB Vice President Luis de Guindos said on Monday.

“If our inflation projections are true, the evolution (of monetary policy) will continue the trend (of rate cuts) that we have had in recent months,” he said.

Last week, the ECB cut interest rates for the fourth time this year, keeping the door open to further easing as the eurozone economy is dragged down by domestic political instability and the threat of a new trade war with the United States. .