Nagel: The European Central Bank is closely monitoring the inflation uncertainty caused by energy prices and the situation in the Middle East

ECB Managing Director Nagel stated that the ECB is closely monitoring the trend of energy prices, and the situation in the Middle East has added inflation uncertainty. Nagel stated that the trend of energy prices is a key factor determining the future inflation outlook, and monetary policy will continue to remain highly vigilant. Nagel emphasized that the current borrowing costs are at an appropriate level, and it is wise to continue to respond cautiously. If necessary, decisive action will be taken.