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He stated that inflation in the Eurozone is improbable to drop back to the low levels that existed prior to the COVID-19 pandemic or exceed the 2% target significantly.
"We evaluate the inflation forecast as rather positive," he remarked.
In August, consumer prices in the Eurozone rose by 2% compared to the same month last year. Since June, inflation has stayed within the ECB's target range.
During its September meeting, the ECB did not alter any of the three key interest rates. A comparable decision is anticipated at its meeting in October.
The ECB predicts that inflation in the Eurozone will reach an average of 2.1% by 2025, while price growth is expected to decelerate to 1.7% in the upcoming year. In 2027, inflation is expected to rise to 1.9%.
source: ft.com
"We evaluate the inflation forecast as rather positive," he remarked.
In August, consumer prices in the Eurozone rose by 2% compared to the same month last year. Since June, inflation has stayed within the ECB's target range.
During its September meeting, the ECB did not alter any of the three key interest rates. A comparable decision is anticipated at its meeting in October.
The ECB predicts that inflation in the Eurozone will reach an average of 2.1% by 2025, while price growth is expected to decelerate to 1.7% in the upcoming year. In 2027, inflation is expected to rise to 1.9%.
source: ft.com
