ECB's De Guindos sees inflation moving towards 2% goal in 2025

Kitco Media
By Reuters
Published:
Updated:
Reuters
ECB's De Guindos sees inflation moving towards 2% goal in 2025 teaser image

MADRID, May 17 (Reuters) - Euro zone price pressures continue to ease, giving European Central Bank policymakers increased confidence inflation will ease back to target next year, ECB Vice-President Luis de Guindos said on Friday.

"Headline inflation is there at 2.4%, core inflation below 3%. We believe that in the coming months inflation will fluctuate around these values," De Guindos told a financial event.

"In the medium term, in the year 2025, we will be moving in a stable way towards our price stability objective which is 2%," he added.

The ECB has all but promised a rate cut on June 6 so the discussion has shifted to how quickly its next move should come and what conditions must be met for more easing.

Reporting by Jesús Aguado and Emma Pinedo; editing by Balazs Koranyi

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.