According to the data from Jin10 on February 5th, European Central Bank Vice President Kinders said that inflation is approaching the target of 2% set by the European Central Bank, and the amount of interest rate drop will depend on whether there is data to confirm that inflation is converging towards the target in a sustainable manner. ‘We believe this will be achieved this year, but there are still many uncertainties, especially geopolitical situations that we need to consider,’ Kinders said in an interview on Wednesday. ‘Therefore, even though our current trajectory in the current environment is clear, no one knows what level the interest rate will eventually reach.’ Kinders also said that it is more difficult to assess the threat of US President Trump’s economic policy to the inflation target of the European Central Bank than to assess its impact on the global economic outlook.
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