ECB’s Nagel: Inflation To Reach 2% In 2025 Despite High Uncertainty

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that inflation in the euro area would reach 2% over the course of 2025, despite the high uncertainty.

In an interview with Reuters, Nagel, who heads the Deutsche Bundesbank, said that ‘central banks are used to a situation like this uncertainty.’

Uncertainty could be slightly higher now than it was previously, but he hoped the ECB could get through it, he said.

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