ECB to Take Necessary Measures to Control Inflation, Says Governing Council Member

The European Central Bank (ECB) is committed to taking all necessary actions to bring consumer price growth back to target levels, according to ECB Governing Council member Klaas Knot. According to Jin10, Knot emphasized that decision-makers will have more comprehensive information at their disposal during the June meeting to formulate relevant plans. "The ECB will certainly do everything possible to ensure inflation returns to the path of price stability," Knot stated. Currently, policymakers are weighing two main factors: the inflationary pressures stemming from the Iranian conflict and the resulting surge in energy costs, and the risks posed by slowing economic growth and financial stability. In April, the price increase reached 3%, significantly exceeding the ECB's target of 2%.