ECB’s Stournaras Sees 2% Price Goal Reached at Start of 2025

1.7% reading for October is success and wake-up call, he says
Bank of Greece governor delivers policy speech in London

Yannis Stournaras
Photographer: Hilary Swift/Bloomberg

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By Sotiris Nikas

November 20, 2024 at 1:40 PM EST

Updated on

November 20, 2024 at 3:02 PM EST

The euro zone is on the cusp of sustainably reaching 2% inflation, putting the onus on officials to avoid undershooting that goal, according to European Central Bank Governing Council member Yannis Stournaras.

Speaking at Birkbeck college in London on Wednesday, the Bank of Greece governor said policymakers can already claim success in taming consumer prices, and should now shift stance to worry more about the risks to economic growth.