ECB's Guindos Sees Inflation Target Hit Sooner Rather Than Later
The European Central Bank isn't far from achieving its 2% inflation target, helped by a stronger euro and falling energy costs, according to Vice President Luis de Guindos.
Those two factors will give a 'downward push' to the retreat in consumer prices in the 20-nation euro zone, the Spanish official told Bloomberg Television. The impact of US tariffs is less clear but will be deflationary in the short term, he said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 hours ago
- Yahoo
ECB Is in Good Position on Rates, Lagarde Tells Monaco Info
(Bloomberg) -- The latest interest-rate moves primes the European Central Bank to meet its medium-term inflation goal, President Christine Lagarde told television station Monaco Info. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World ICE Moves to DNA-Test Families Targeted for Deportation with New Contract US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Trump Said He Fired the National Portrait Gallery Director. She's Still There. 'We think we have really reached a good position,' she said in an interview broadcast Saturday, adding that the latest olicy decision was 'well calibrated.' Speaking on the sidelines of an event on oceans, Lagarde said that policymakers will be attentive to incoming data 'to know if we need to adjust or not adjust' borrowing costs. 'But I think we are currently well positioned to face moments that will be delicate and very uncertain.' After an eight rate reduction in a year and a total easing of 200 basis points, the cutting campaign is nearing an end, Lagarde has said after the latest decision on Thursday. The ECB is now 'in a good position' to deal with uncertainties ahead, not least due to US trade policies, she said. Officials from across the hawk-dove-spectrum have echoed that the recent cycle is almost, if not completely over. Greece's Yannis Stournaras, one of the most dovish policymakers, told Bloomberg on Friday that the bar for more cuts is 'high,' while more hawkish Boris Vujcic from Croatia said Saturday the ECB is 'nearly done.' The ECB's projections published Thursday foresee inflation to slow to 1.6% in 2026, before returning to 2% in 2027, matching the institution's medium-term target. Growth is expected to strengthen over the forecast horizon. Lagarde also said in the interview that 'the euro is doing well,' adding that the ECB's monetary policy has allowed officials to tame inflation from a peak of more than 10% to the 2% level that is the central bank's target. 'I think we are well calibrated to reach this medium-term goal,' she said. Speaking in a separate interview with TV Monaco, Lagarde said while the ECB's most recent economic projections don't take into account a scenario of 50% tariffs on European goods shipped to the US, such a level 'would be rather disastrous for international trade.' (Updates with comment on trade in final paragraph) Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To Is Elon Musk's Political Capital Spent? What Does Musk-Trump Split Mean for a 'Big, Beautiful Bill'? ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
20 hours ago
- Bloomberg
ECB Is in Good Position on Rates, Lagarde Tells Monaco Info
The latest interest-rate moves primes the European Central Bank to meet its medium-term inflation goal, President Christine Lagarde told television station Monaco Info. 'We think we have really reached a good position,' she said in an interview broadcast Saturday, adding that the latest olicy decision was 'well calibrated.'
Yahoo
a day ago
- Yahoo
Recorder's Office offers free property fraud alert service
GOSHEN — The Elkhart County Recorders Office is offering a free service that alerts property owners and homeowners to potential fraud. Property Fraud Alert offers: Ability to sign up online or via phone Spanish support for website and alerts Receive alerts via text, email or phone Property Fraud Alert (PFA) is an online subscription service offered to the public that allows individuals to have their name monitored within the County Recorder's Office in order to track possible fraudulent recordings that affects their property. While the Recorder's Office has been offering this service for several years, there have been some recent updates and additions to the program, Elkhart County Recorder Kaala Baker said. Property Fraud Alert is now available in both English and Spanish, making it usable to a wider audience and susceptible group to fraud. In addition, the phone alerts now include specific details regarding the document with both language options. Subscribers can also now choose to receive a text message alert when a document is recorded in their name. This will ensure that they never miss an update and can continue getting the most out of PFA. The revamped website is even easier for subscribers to use, and contains all the same information about the service laid out in an intuitive manner. And as always, this is free service to the community. Participants enter their personal and/or business name, and they will be notified when a document is recorded with your name match. While PFA does not prevent fraud from happening, it provides an early warning system for property owners to take appropriate actions should they determine possible fraudulent activity has taken place, Baker said. Property Fraud Alert is available by subscription on the web at or by calling 800-728-3858. The PFA link is also available from the Elkhart County Recorder's website. -departments/recorder/.
