European Central Bank (ECB) member Jose Escriva stated on Wednesday that the risks to inflation in the Eurozone are currently balanced.
During his intervention at at the 2024 IIF Annual Membership Meeting, he emphasized that while inflationary pressures persist, recent data indicates a stabilization in price increases. Escriva noted that the ECB's monetary policy adjustments are aimed at addressing these concerns without derailing economic growth.
His comments come weeks after the central bank decided to reduce its key interest rates by 25 basis points and after other monetary authorities called for attention on a potential threat posed by inflation falling below the target of 2%.
