ECB’s Lagarde: ‘Hopefully 2025 Is the Year When We Are on Target’

1 January 2025

ECB’s Lagarde: ‘Hopefully 2025 Is the Year When We Are on Target’
Christine Lagarde, president of the European Central Bank, at the OeNB Chamber concert with members of the Vienna Philharmonic Orchestra in Frankfurt on December 11, 2024. Photo by Bernd Roselieb for the ECB under CC BY-NC-ND 2.0.

By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Wednesday that the ECB expected inflation to go back to 2% in the course of 2025.

In a video posted on X, Lagarde said that ‘we have made significant progress in ‘24 in bringing down inflation, and hopefully ‘25 is the year when we are on target as expected and as planned in our strategy.’

The ECB would keep working to make sure inflation returns to 2% sustainably and stably in the medium term, she said.

A new strategy review was also on the agenda of the ECB for 2025, according to Lagarde.

‘[W]e are going it to ensure that it still fits the changing world in which we live and that we are fit for ‘25 and following,’ she said.

The digital euro would also be developed this year, she said, and the ECB was expecting European legislation on this matter.

‘Once that is done, we will decide whether we move forward with developing the digital form on cash’, she added.

 

Related articles: