ECB Executive Board member Neger: The central bank is in a favorable position to address energy shock, keeping a close eye on data and the situation in the Middle East for the interest rate decision in September.

According to the Securities Times APP, Joachim Nagel, member of the European Central Bank Governing Council and President of the Bundesbank, stated on Friday that the European Central Bank is currently in a favorable position to address the challenges brought by soaring energy prices. He emphasized that before deciding whether to raise interest rates in September, it is necessary to fully evaluate the large amount of economic data pouring in during this period.