New Inflation Forecast from ECB Head: Will the Target Level Be Achieved?

Christian Nagel, the head of the ECB, stated that inflation in the Eurozone may soon return to the target level of 2%. This positive news comes after a series of interest rate hikes aimed at curbing inflationary pressures that have posed serious economic challenges in the region in recent years. Despite the anticipated decline in inflation, Nagel cautioned that the European Central Bank (ECB) must not lose focus on its primary goal—price stability.

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