European Central Bank Vice President: Achieving the inflation target is not far off.

European Central Bank Vice President Luis de Guindos has stated that, benefiting from the stronger Euro and lower energy costs, the ECB is not far from achieving its 2% inflation target. This Spanish official has expressed that these two factors will contribute to a "downward force" on consumer prices in the Eurozone. Although the overall impact of US tariffs on inflation remains uncertain, he has indicated that he cannot rule out that this could ultimately lead to a slowdown in price increases.