November 04, 2024 14:34 GMT
MNI BRIEF: Inflation Now Consistent With Target-EC Dombrovskis
Inflation is now broadly consistent with the ECB's 2% target, according to EC Vice President Valdis Dombrovskis
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MNI (BRUSSELS) - The European Commission sees "modest economic growth across the euro zone" and inflation at a level consistent with the ECB's 2% target, EU Commission Executive Vice President Valdis Dombrovskis said Monday, speaing just ten days ahead of The Commission's autumn economic forecasts.
"We see inflation clearly going down and right now it is already broadly consistent with the European Central Bank's target," he said.
In other comments to reporters, the Commission VP said he hoped that for an improvement in credit conditions as the ECB continues to gradually reduce interest rates. The Commission autumn economic forecasts will be released on November 15.
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