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ECB President Lagarde Foresees 2% Inflation Target by 2025
ECB President Lagarde Foresees 2% Inflation Target by 2025
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ECB president Christine Lagarde has stated that the bank's 2% inflation target is 'in sight' and that 2025 could be the year it is finally achieved. Significant progress was made in 2024 to bring inflation down, but fluctuations have occurred. Interest rates have been cut four times, with expectations of another four cuts by June 2025. Additionally, the ECB has various projects planned for 2025, including the digital euro and redesigned euro-area banknotes.
