Euro Zone Inflation and ECB Target

PARIS (Reuters) – Euro zone inflation is expected to durably reach the European Central Bank's 2% target by 2025, as stated by ECB President Christine Lagarde in a French newspaper interview, largely reiterating her previous stance.

Lagarde commented, "Maybe we could have started to intervene a few months earlier. But we raised rates at an unprecedented rate, and we managed to bring inflation down significantly over a short period."

She added, "Now I want to see that 2% target achieved on a lasting basis. In the absence of a major shock, this will be the case in the course of 2025."