The European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Saturday that the Euro-area consumer-price growth probably will be at the ECB’s 2% target in early 2025, per Bloomberg. 

Key quotes

“We’re on a good way to defeat inflation and this is actually good news.” 

“There may be some temporary rebounds in coming months, but that’s a technical effect. Baring large external shocks, we’ll be a 2% of inflation next year, probably rather toward the beginning of next year.”