European Central Bank vice-president Luis de Guindos said on Friday that the ECB expects the Eurozone's inflation and core inflation to hover around 2% by the end of 2025. However, he stressed that it is too early to declare victory in the fight against inflation. The official noted that the region's recent inflation data have been good and represented a positive surprise, but growth still reflects risks to the downside.
In general, the ECB is in favor of cross-border consolidation in the Eurozone, de Guindos added.