Economic news

ECB is confident that inflation will converge to target in 2025, De Guindos says

2024.12.16 07:45

MADRID (Reuters) – The European Central Bank is confident that inflation will converge to the 2% goal in 2025 as is reflected in its monetary policy, ECB’s Vice-President Luis de Guindos said on Monday.

© Reuters. FILE PHOTO: European Central Bank (ECB) Vice-President Luis de Guindos attends a news conference following the ECB's monetary policy meeting in Frankfurt, Germany December 15, 2022. REUTERS/Wolfgang Rattay/File Photo

“If our inflation projections hold true, the (monetary policy) evolution Will continue the (rate cuts) trend we’ve had in recent months,” he said.

Last week, the ECB cut interest rates for the fourth time this year and kept the door open to more easing as the euro zone economy is dragged down by political instability at home and the threat of a fresh U.S. trade war.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 96,389.83 2.00%
ethereum
Ethereum (ETH) $ 3,383.56 1.61%
tether
Tether (USDT) $ 0.999262 0.05%
xrp
XRP (XRP) $ 2.18 3.36%
bnb
BNB (BNB) $ 690.08 1.97%
solana
Solana (SOL) $ 190.20 2.59%
dogecoin
Dogecoin (DOGE) $ 0.315623 3.13%
usd-coin
USDC (USDC) $ 1.00 0.09%
staked-ether
Lido Staked Ether (STETH) $ 3,380.77 1.50%
cardano
Cardano (ADA) $ 0.873038 2.56%
tron
TRON (TRX) $ 0.257214 1.10%
avalanche-2
Avalanche (AVAX) $ 37.67 4.14%
the-open-network
Toncoin (TON) $ 5.79 1.39%
chainlink
Chainlink (LINK) $ 23.01 3.18%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,013.87 1.75%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 2.17%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,186.77 2.03%
sui
Sui (SUI) $ 4.24 3.52%
hedera-hashgraph
Hedera (HBAR) $ 0.286605 7.37%
stellar
Stellar (XLM) $ 0.360051 3.81%
bitget-token
Bitget Token (BGB) $ 7.70 19.02%
polkadot
Polkadot (DOT) $ 7.03 3.62%
weth
WETH (WETH) $ 3,381.63 1.59%
hyperliquid
Hyperliquid (HYPE) $ 27.08 3.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 442.23 2.42%
leo-token
LEO Token (LEO) $ 9.11 3.67%
uniswap
Uniswap (UNI) $ 13.82 3.12%
litecoin
Litecoin (LTC) $ 103.71 3.47%
pepe
Pepe (PEPE) $ 0.000018 1.78%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,569.87 1.60%
near
NEAR Protocol (NEAR) $ 5.13 3.16%
ethena-usde
Ethena USDe (USDE) $ 0.998136 0.03%
usds
USDS (USDS) $ 1.00 0.16%
aave
Aave (AAVE) $ 342.89 3.41%
aptos
Aptos (APT) $ 9.00 3.22%
internet-computer
Internet Computer (ICP) $ 10.43 3.84%
crypto-com-chain
Cronos (CRO) $ 0.150679 2.57%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.483857 3.20%
mantle
Mantle (MNT) $ 1.19 2.00%
ethereum-classic
Ethereum Classic (ETC) $ 26.25 1.57%
vechain
VeChain (VET) $ 0.04709 5.44%
render-token
Render (RENDER) $ 7.24 1.46%
whitebit
WhiteBIT Coin (WBT) $ 24.72 0.06%
monero
Monero (XMR) $ 190.83 0.22%
bittensor
Bittensor (TAO) $ 473.74 1.46%
mantra-dao
MANTRA (OM) $ 3.63 2.07%
dai
Dai (DAI) $ 1.00 0.05%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.28 2.45%
arbitrum
Arbitrum (ARB) $ 0.767809 1.46%
okb
OKB (OKB) $ 52.34 0.84%