ChainCatcher news, ECB board member and Bundesbank president Joachim Nagel stated to reporters during the International Monetary Fund (IMF) annual meeting in Washington, "We believe it is possible to reach the 2% inflation target earlier than we had anticipated, potentially in 2025."The European Central Bank has cut interest rates three times since June, and markets and economists expect further cuts in the future. Nagel warned against speculating on the next steps, stating, "We should not consider further rate cuts too hastily."