ECB’s Guindos Sees Inflation Target Hit Sooner Rather than Later

In April, the ECB reduced its deposit rate, which refers to 25 basis points, to 2.25%. The post ECB: The inflationary shock is nearing its end appeared first on Les Affaires.

ECB’s Guindos sees inflation target hit sooner rather than later

The European Central Bank isn’t far from achieving its 2% inflation target, helped by a stronger euro and falling energy costs, according to Vice President Luis de Guindos.

The market's expectation is for new jurors by the monetary authority in June

Luis de Guindos said the European Central Bank is close to achieving its 2% inflation target, helped by a stronger-than-expected euro and a recent sharp drop in energy prices. The statement could provide a preview of what to expect at the June interest rate decision.