European Central Bank Executive Board Member Cipollone stated that inflation is "basically under control".

European Central Bank executive board member Piero Cipollone stated that consumer prices in Europe have not caused serious concern for the ECB, and that the economy is performing well. The Italian official said at a meeting in Frankfurt on Thursday, "The EU economy is performing better than expected, and inflation is essentially under control." His remarks align with the views of most ECB policymakers. Since mid-2024, the ECB has reduced interest rates from 4% to 2%, and decision-makers are currently not inclined to further lower rates.