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MNI INTERVIEW: ECB Has “Nice Path” To 2% Price Target – Kazaks

(MNI) ROME
SINTRA, Portugal

MNI interviews Bank of Latvia Governor Martins Kazaks at the ECB's forum in Sintra.

The European Central Bank is sitting “quite nice on the path” to reach sustainable 2% inflation in the second half of 2025, but policymakers must not allow themselves to settle on achieving their target any later, Bank of Latvia Governor Martins Kazaks told MNI.

“There is a path to 2%. Not a unique, predetermined path, we can be flexible how we go about it, how the data arrives, but we are quite nice on the path to 2%,” he said in an interview on the sidelines of the ECB’s forum in Sintra.

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The European Central Bank is sitting “quite nice on the path” to reach sustainable 2% inflation in the second half of 2025, but policymakers must not allow themselves to settle on achieving their target any later, Bank of Latvia Governor Martins Kazaks told MNI.

“There is a path to 2%. Not a unique, predetermined path, we can be flexible how we go about it, how the data arrives, but we are quite nice on the path to 2%,” he said in an interview on the sidelines of the ECB’s forum in Sintra.

Keep reading...Show less