By
Reuters
Printed
December 16, 2024
The European Central Financial institution is assured that inflation will converge to the two% objective in 2025 as is mirrored in its financial coverage, ECB’s Vice-President Luis de Guindos mentioned on Monday.
European Central Financial institution (ECB) Vice-President Luis de Guindos attends a information convention following the ECB’s financial coverage assembly in Frankfurt, Germany – REUTERS/Wolfgang Rattay/File Photograph
“If our inflation projections hold true, the (monetary policy) evolution will continue the (rate cuts) trend we’ve had in recent months,” he mentioned.
Final week, the ECB reduce rates of interest for the fourth time this 12 months and saved the door open to extra easing because the euro zone financial system is dragged down by political instability at dwelling and the specter of a contemporary U.S. commerce struggle.
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