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Schnabel: Our projections foresee inflation reaching our 2% target in 2025. So we are on the right track
@Isabel_Schnabel: Our projections foresee inflation reaching our 2% target in 2025. So we are on the right track. Geopolitical tensions are one of the upside risks to inflation as they could drive up energy prices or freight costs. That’s why we need to remain vigilant. #AskECB https://t.co/6H6LAR62Dn
— European Central Bank (@ecb) January 10, 2024
Added at 9:43am
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@Isabel_Schnabel: Inflation has eased but underlying price pressures remain elevated. Policy rates need to be sufficiently restrictive for as long as necessary to ensure that inflation sustainably returns to 2%. A slowing economy is part of monetary policy transmission. #AskECB https://t.co/RPFhth9APv
— European Central Bank (@ecb) January 10, 2024