13 March 2025 | Euro

Nagel: inflation will return to the ECB's 2% target by the end of the year

Nagel: inflation will return to the ECB's 2% target by the end of the year

Joachim Nagel, a member of the Governing Council of the European Central Bank (ECB), stated in an interview with the BBC that inflation in the eurozone is expected to return to the ECB's 2% target by the end of 2025. He described this outlook as positive news for the region.

Despite the ECB's economic forecasts suggesting that the target will be reached in early 2026, Nagel remains optimistic. Referring to Europe's plans to increase spending on military and infrastructure projects, he expressed hope that these initiatives would strengthen European integration. In his view, cooperation should extend beyond just defense spending.

When discussing the trade tariffs imposed by Washington, Nagel highlighted Germany's particular vulnerability. Given its export-oriented economic model, the country faces heightened risks due to rising tariffs. He warned that such a situation, combined with ongoing uncertainty and unpredictable factors, could even trigger a recession this year.

Gold sell
Period: 31.10.2026 Expectation: 3000 pips
Gold sell-off targets $4,000
18 September 2026 26
Period: 30.11.2026 Expectation: 5700 pips
Selling USDJPY down to 150.00
18 September 2026 22
Period: 30.09.2026 Expectation: 1500 pips
Invest in GBPUSD up to 1.36270
17 September 2026 35
Period: 15.10.2026 Expectation: 1000 pips
Selling SPX down to $7,490
16 September 2026 51
Brent sell
Period: 15.10.2026 Expectation: 800 pips
Brent crude sell-off targets $95.80
16 September 2026 35
Gold sell
Period: 31.10.2026 Expectation: 18000 pips
Go short on gold upon breaking $4,300
15 September 2026 59
Go to forecasts