ECB Minutes Indicate Inflation May Reach Target by 2025

According to PANews, the European Central Bank (ECB) meeting minutes reveal a growing confidence among members that inflation will return to target levels by the first half of 2025. The minutes suggest that if inflation forecasts for the coming months and quarters are confirmed, it would be appropriate to gradually ease restrictive policies. However, the minutes also highlight that there are still numerous risks to the inflation outlook, both upward and downward, and caution against complacency in the final stages of combating inflation. Given the prevailing uncertainties and potential factors that could hinder inflation progress, a cautious approach remains necessary. Some members noted the possibility of a 50 basis point rate cut in December and expressed a preference for further consideration of this option.