Inflation headed towards 2% target by end-2025, ECB's Nagel says

July 9, 2024 6:55 AM EDT

FILE PHOTO: President of the Deutsche Bundesbank Joachim Nagel speaks at a press conference during the G20 Finance Ministers and Central Banks Governors' meeting, in Sao Paulo, in Sao Paulo, Brazil, February 29, 2024. REUTERS/Carla Carniel/File Photo

BERLIN (Reuters) - The European Central Bank (ECB) expects inflation to reach its 2% target by the end of 2025 at the latest, Bundesbank President Joachim Nagel said in an interview with Germany's Tagesspiegel published on Tuesday.

(Writing by Rachel More; editing by Matthias Williams)



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