MADRID (Reuters) -The European Central Bank is on track to meet is 2% inflation target, the institution's Vice President Luis de Guindos said on Friday. "We are confident we will meet the inflation
ECB Confident in Achieving 2% Inflation Target, Says De Guindos
MADRID (Reuters) -The European Central Bank is on track to meet is 2% inflation target, the institution's Vice President Luis de Guindos said on Friday.
"We are confident we will meet the inflation target, which is why we lowered interest rates", he told Spanish TV broadcasther Antena 3.
The ECB cut interest rates this month for the eighth time in the past year and signalled at least a policy pause next month as it waits for the fog to clear surrounding trade tensions with the United States.
Euro zone inflation, which briefly hit double digits in late 2022, fell to 1.9% last month and the ECB expects it to stay below its 2% goal next year.
(Reporting by Jesús Aguado; editing by Inti Landauro)
