ECB's De Guindos Forecasts Inflation Approaching 2% Target by 2025

Euro zone inflationary pressures are showing signs of easing, providing European Central Bank policymakers with greater confidence that inflation will gradually return to target next year, according to ECB Vice-President Luis de Guindos.

Speaking at a financial event, De Guindos noted that headline inflation stands at 2.4% with core inflation below 3%, projecting these figures to stabilize in the coming months.

Looking ahead, he emphasized a stable progression towards the ECB's price stability goal of 2% by 2025. With expectations of an impending rate cut on June 6, the focus now shifts to the timing and conditions necessary for further monetary easing.

Paraphrasing text from "Reuters" all rights reserved by the original author.