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1/12/2023, 10:49 AM (Source: TeleTrader)
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ECB Bulletin: Inflation landing to target in 2025

The European Central Bank said on Thursday that the average inflation rate is expected to fall to 6.3% this year, before declining further to an average of 3.4% in 2024 and 2.3% in 2025.

It is predicted that headline inflation will fall to the European Central Bank's medium-term inflation target of 2% in the second half of 2025. However, the HICP inflation, which excludes energy and food, will remain above 2% throughout the forecast horizon.

To achieve the 2% inflation target, the ECB stated that interest rates will still have to rise significantly at a steady pace to reach levels restrictive enough to return to the target range.

Baha Breaking News (BBN) / ND