European Central Bank (ECB) Governing Council member and Governor of Croatia's central bank, Ante Žigman, stated in an interview that the ECB remains committed to ensuring medium-term inflation stays stable around 2% [1]. Žigman emphasized that uncertainty remains high, particularly regarding the intensity and duration of the ongoing energy shock affecting the Eurozone economy. He noted that the full impact of the energy shock will only become apparent in the coming months, and that the ECB's decisions will be based on data and projections received in the coming weeks [1].
Žigman’s comments highlight the ECB’s vigilance in monitoring inflation and its readiness to act as necessary to maintain price stability. He reiterated that the central bank’s goal is to keep inflation anchored at the 2% target over the medium term, and that policy decisions will be data-dependent [1].
Following the release of Žigman’s remarks, there was no immediate reaction in the Euro (EUR). At the time of reporting, EUR/USD was trading 0.33% higher, slightly above 1.1400 [1]. No further market implications or analyst opinions were discussed in the article.
CONCLUSION
ECB’s Žigman reaffirmed the central bank’s commitment to its 2% inflation target, stressing ongoing uncertainty due to the energy shock. The market response was muted, with no significant movement in the Euro following his remarks. Investors are likely to await further data and ECB projections in the coming weeks.