European Central Bank Aims to Return Inflation to Target
Governing Council member Gabriel Makhlouf stated the European Central Bank remains focused on bringing inflation back to its goal. He declined to comment on whether an interest-rate increase would occur next month.
pymnts.comGoverning Council member Gabriel Makhlouf said the European Central Bank intends to return inflation to its target level. Makhlouf did not indicate whether the next policy meeting would include a rate increase.
The European Central Bank sets interest rates for the 20 countries that use the euro. Makhlouf's comments follow recent data releases on consumer prices across the currency area.
Key Facts
Potential Impact
- 01
Markets may adjust expectations for euro-area borrowing costs.
- 02
Businesses and households could face continued uncertainty on borrowing rates.
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