European Central Bank board member Makhlouf said that inflation expectations are well anchored.

Gabriel Makhlouf, a member of the European Central Bank's Executive Board, stated that inflation expectations in the euro area are well anchored, allowing the region to avoid a significant increase in unemployment during a recent period of strong consumer price growth. The Governor of the Central Bank of Ireland commented in a blog post on Friday that structural changes will have a significant impact on the speed of inflation or price increases. It is important that the scale of these changes will make inflation more volatile. Makhlouf listed the impact of "the stagnation and partial reversal of global economic integration," the emergence of artificial intelligence tools, population aging and ongoing digitization, and climate change. "Forward guidance remains part of our toolkit, but we must use it more flexibly."