European Central Bank Governing Council Member Schnabel: The ECB will "do whatever it takes" to curb inflation

Golden Ten Data reported on May 26 that European Central Bank Governing Council member Sleypen stated that the ECB will take all necessary measures to bring consumer price growth back to target levels. When formulating relevant plans, policymakers will have more comprehensive information at the June meeting than before. Sleypen said, “The European Central Bank will, of course, do everything possible to ensure inflation returns to the path of price stability.”

Currently, policymakers are still weighing two factors: on the one hand, inflationary pressures stemming from the Iran war and the surge in energy costs; on the other hand, risks posed by slowing economic growth and financial stability. The price increase in April has reached 3%, far exceeding the ECB’s 2% target.