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.
Source: REUTER
