ECB’s Villeroy Expects Inflation to Be at 2% Early Next Year

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ECB’s Villeroy Expects Inflation to Be at 2% Early Next Year
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(Bloomberg) -- Euro-area consumer-price growth probably will be at the European Central Bank’s 2% target in early 2025, according the Governing Council...

-- Euro-area consumer-price growth probably will be at the European Central Bank ’s 2% target in early 2025, according the Governing Council member Francois Villeroy de Galhau.One City’s Plan to Re-Link a Neighborhood That Robert Moses Divided

The ECB’s most recent forecast — from September — predicted 2% would only be reached in the final quarter of next year, though officials familiar with the Governing Council’s thinking told Bloomberg this week that officials now expect that to happen in the first or second quarter. “There will probably be other rate cuts,” Villeroy said. “But we will decide depending on data. I’m calling for agile pragmatism: Agile because we must move and cut rates when we can. Pragmatism, because we must look at the data and not lose sight of the forest for the trees.

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