European Central Bank Managing Director Villeroy: Inflation levels should sustainably remain around the 2% target by this summer

On January 31st, European Central Bank Managing Director Villeroy stated that inflation levels should be sustainably maintained around the 2% target by this summer. The European Central Bank is currently confident in the decline of core inflation, and the risk of economic growth is clearly inclined towards a downward trend. The European Central Bank should be flexible and pragmatic in the pace of future interest rate cuts.

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