European Central Bank Committee: It's still too early to discuss when the European Central Bank will raise interest rates.

Villeroy, a member of the European Central Bank's management committee, stated that it is still too early to discuss raising interest rates. Given the spike in energy costs due to the Iran conflict, he urged officials to remain "highly vigilant" about the second-round inflation effects. He also stated that the European Central Bank will take necessary measures to bring the inflation rate back to a level of no more than 2% by 2027 to 2028.