ECB’s Guindos Sees Price Target Hit Sooner Rather Than Later

The European Central Bank isn’t far from achieving its 2% inflation target, helped by a stronger euro and falling energy costs, according to Vice President Luis de Guindos.

Those two factors will give a “downward push” to the retreat in consumer prices in the 20-nation euro zone, the Spanish official told Bloomberg Television. While the overall impact of US tariffs on inflation remains uncertain, he said that he couldn’t rule it would “eventually” lead to slower price growth.