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Source: المشهد العربي
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European Central Bank Governing Council member Martines Kazaks confirmed that the bank is prepared to intervene to ensure inflation returns to the targeted rate, despite a slight decline in inflation expectations currently approaching 3%. He indicated that the decision to raise interest rates at the September meeting is still premature, as there are arguments both for and against continuing to increase rates, with flexibility to determine the course based on economic data assessments. Consumer inflation expectations over the next 12 months decreased to 2.9%, and over three years to 2.7%, reflecting an opportunity to achieve the 2% inflation target within an appropriate timeframe.
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