In an interview with the Boersen Zeitung newspaper, ECB Governing Council member Martin Kocher said that the central bank is paying special attention to the indirect price impact of the Middle East conflict and the possible second round of effects; the ECB has not yet seen the second round of effects, but must adjust monetary policy according to expectations, and market expectations are being affected by high uncertainty; Kocher said that the ECB is ready to take measures if necessary; Kocher reiterated that the next interest rate decision will discuss options to keep interest rates unchanged or raise interest rates; every meeting Decisions will all be made based on existing data; ECB communication provides necessary flexibility; Kocher said that the Eurozone economy is “not far off” from the baseline forecast scenario, and oil prices have been slightly lower than expected in recent weeks, but the Middle East conflict has broken out again.

In an interview with the Boersen Zeitung newspaper, ECB Governing Council member Martin Kocher said that the central bank is paying special attention to the indirect price impact of the Middle East conflict and the possible second round of effects; the ECB has not yet seen the second round of effects, but must adjust monetary policy according to expectations, and market expectations are being affected by high uncertainty; Kocher said that the ECB is ready to take measures if necessary; Kocher reiterated that the next interest rate decision will discuss options to keep interest rates unchanged or raise interest rates; every meeting Decisions will all be made based on existing data; ECB communication provides necessary flexibility; Kocher said that the Eurozone economy is “not far off” from the baseline forecast scenario, and oil prices have been slightly lower than expected in recent weeks, but the Middle East conflict has broken out again.