Reported about 1 month ago
Bundesbank President Joachim Nagel indicated that the European Central Bank (ECB) may reach its 2% inflation target earlier than expected, potentially in the first or second quarter of 2025, rather than the previously forecasted final quarter. This optimism follows three interest rate cuts since June, although Nagel cautioned against hasty predictions for future monetary policies as upcoming inflation data and economic forecasts will play a crucial role in shaping decisions.
Source: YAHOO