ECB Executive Director Piero Cipollone said that consumer prices in Europe have not raised serious concerns from the ECB, and the economy is performing well. The Italian official said at the Frankfurt conference on Thursday: “The EU economy is performing better than expected, and inflation is largely under control.” His statement is in line with the views of most ECB policy makers. The ECB has cut interest rates from 4% to 2% since mid-2024, and policymakers are currently not inclined to cut interest rates further.

ECB Executive Director Piero Cipollone said that consumer prices in Europe have not raised serious concerns from the ECB, and the economy is performing well. The Italian official said at the Frankfurt conference on Thursday: “The EU economy is performing better than expected, and inflation is largely under control.” His statement is in line with the views of most ECB policy makers. The ECB has cut interest rates from 4% to 2% since mid-2024, and policymakers are currently not inclined to cut interest rates further.