Lagarde speech: ECB hopes to hit 2% inflation target in 2025

European Central Bank (ECB) President Lagarde said on Wednesday that the central bank hopes to hit the 2% inflation target in 2025 Key quotes “We have made significant progress in 2024 in bringing down inflation and hopefully 2025 is the year when we are on target as expected and as planned in our strategy,” “Of course we will continue our efforts to ensure that inflation stabilizes sustainably at that 2% medium-term target.” Market reaction At the time of writing, EUR/USD is trading 0.01% higher on the