The risk of the European Central Bank not meeting its 2% inflation target has risen, according to Governing Council member Boris Vujcic.
“The risk of not achieving the goal has certainly increased now compared to what it was six months ago,” Vujcic said at an event on Monday in London.
At its final policy meeting of the year in December, the European Central Bank is widely expected to cut borrowing costs for the fourth time since June.
While further easing is likely to occur in 2025, the pace and extent are increasingly open-ended and controversial among officials.
