An ECB Governing Council member stresses data-driven decisions to stabilize inflation around 2% despite ongoing energy market uncertainty.
European Central Bank Governing Council member Ante Žigman stated the ECB remains focused on maintaining medium-term inflation at 2%, citing persistent uncertainty from the energy shock. The impact of recent price volatility will only become clear in the coming months, with decisions hinging on upcoming data and projections.
Žigman’s remarks align with the ECB’s prior guidance, emphasizing vigilance over the intensity and duration of energy-related disruptions. The central bank has consistently targeted 2% inflation, though recent energy price swings have complicated policy outlook.
The Euro showed no immediate reaction to the comments, with EUR/USD trading 0.33% higher at 1.1400 during the European session.