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💬ECB May Reach 2% Inflation Goal Sooner Than Expected, Says Nagel

📉Bundesbank President Joachim Nagel suggested that inflation in the euro area might reach the ECB’s target of 2% faster than previously anticipated, potentially in the first half of 2025.

📌Key Points: 
— The ECB's September forecast had anticipated reaching 2% inflation by late 2025, but expectations have now shifted. 
— Nagel advised caution, noting that it’s essential to avoid hasty assumptions about future rate cuts and to stick with a "meeting-by-meeting" approach. 
— The ECB will continue to assess inflationary and economic indicators, considering upcoming U.S. elections and new inflation data.

🔍Achieving the 2% inflation target ahead of schedule may impact the ECB’s interest rate decisions and significantly influence the eurozone economy.

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