European Central Bank head: Frequent shocks to economy make inflation more unpredictable

UPDATED: June 30, 2025 at 2:36 PM PDT

The bank’s strategy review announced Monday reaffirmed its target of 2% for inflation.

Originally Published: June 30, 2025 at 2:19 PM PDT

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Threats of higher tariffs have added to uncertainty about the outlook for growth and inflation. The European Commission and US negotiators are trying to reach agreement on a trade deal ahead of a July 9 deadline.