ECB’s Nagel: ‘We Will Achieve Price Stability This Year’

13 March 2025

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Thursday that the ECB would achieve the 2% inflation target in 2025.

In an interview with the BBC, Nagel, who heads the Deutsche Bundesbank, said that the ECB would be ‘back to our target at the end of this year – this is good news.’

A tariff war with the US would keep German economic growth in negative territory this year, he said.

US President Donald Trump’s trade policy were ‘economics from the past’, according to Nagel, and ‘definitely not a good idea’.

‘[W]hen you are exposed to an export-oriented model, then you are more exposed in a situation when tariffs are going up and there are so many uncertainties, so many unknowns’, he said.

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