ECB Vice President Ginsos: Oil price fluctuations will not affect the decline in inflation.

European Central Bank Deputy Governor Benot Cur said that recent fluctuations in commodity prices due to the conflict between Israel and Iran will not change the inflation outlook for the eurozone. Cur said on Tuesday, "If oil prices rise - but it seems that oil prices are somewhat under control - this is an issue we need to consider. However, the process of declining inflation is anchored. From what we see today, this process has not derailed at all." Cur said that officials are satisfied with the trend in consumer prices, as the pace of consumer price growth has fallen from record highs to slightly below the European Central Bank's target of 2%. Although it is possible to continue achieving this target in the coming months, he said that the situation in Iran adds another layer of complexity to an already tense global trade environment. Cur said, "We believe that our mission to stabilize prices will be fulfilled, but we always have to consider that the level of uncertainty is harsh. This forces us to be extra cautious."