Falling oil prices weaken inflationary impact. Bank of France Governor openly states that after raising interest rates in June, the European Central Bank has entered a "comfort zone".

According to the Wise Finance APP, Emmanuel Moulin, member of the European Central Bank's Executive Board and President of the French Central Bank, stated on Friday that after the European Central Bank raised interest rates last month, the easing of tensions in the Middle East has led to a drop in international oil prices, easing pressure on prices in the Eurozone. Moulin emphasized in an interview that the European Central Bank's monetary policy is currently in a comfortable "good position". Several European Central Bank officials have recently made it clear that "we have not entered a new rate hiking cycle". Moulin stressed, "We do not provide forward guidance, the fact that oil prices have fallen will ease inflation in the service sector, and officials have not yet seen the second-round effects."