Economic news
Euro zone inflation easing as predicted, Schnabel says
2024.08.30 03:20
FRANKFURT (Reuters) – Euro zone inflation is falling as predicted by the European Central Bank, easing the risk that further rate cuts would derail disinflation, ECB board member Isabel Schnabel said on Friday.
“Recent data remain consistent with the baseline scenario that foresees that inflation will sustainably fall back to our 2% target by the end of 2025,” Schnabel told a lecture in Tallinn, Estonia.
“Along with signs of a potential decline in economic momentum in other parts of the world, there is less risk that a further moderate and gradual dialling back of policy restraint could derail the path back to price stability,” Schnabel added.
