European Central Bank official Pereira said that the June meeting will take into consideration the rise in prices.

European Central Bank Governing Council member lvaro Santos Pereira said that during the policy meeting on June 10-11, the ECB will pay attention to the recent surge in prices. "Some regions in the world are already experiencing supply disruptions and price increases," he told reporters in Lisbon on Wednesday. "We can see this when we fill up our cars with gasoline. Clearly, this will be taken into consideration at the next meeting." With two weeks to go before this highly anticipated meeting, Pereira emphasized, "We are monitoring the evolution of these prices to assess whether certain prices and subsequently wages will experience second-round effects." "We are closely monitoring the situation in order to make decisions," he said. "We are talking about a conflict with international implications, which is having a significant impact on energy markets, fertilizers, semiconductors, key raw materials, as well as energy in Europe and other regions of the world." Market and economic analysts expect the ECB to raise interest rates by 25 basis points at this meeting, with several decision-makers supporting this action. Others remain more cautious, pointing out that the ECB's policy stance is not pre-committed.