According to the Zhitong Finance APP, ECB President Lagarde stated that the 2% inflation target is within reach.

On Wednesday, she stated in a video posted on X: "In 2024, we have made significant progress in reducing inflation, and I hope that 2025 will be the year we achieve our strategic goals as expected and planned. Of course, we will continue to work hard to ensure that inflation is sustainably stabilized at the mid-term target of 2%."

Consumer price growth in the Eurozone slowed last year and fell below the ECB's target in September; however, inflation has rebounded in recent months, and Lagarde warned that it will fluctuate around the current level in the short term.

Nevertheless, the economic slowdown has allowed policymakers to cut interest rates four times by 25 basis points, and economists predict another four rate cuts by June.

Lagarde described the ECB's 2025 plan as a "heavy agenda," and she emphasized the review of the central bank's monetary policy strategy, digital euro, and redesign of euro banknotes, although the latter project is not expected to be completed this year.

Editor/ping