ECB executive board member: Current interest rates are at an appropriate level and inflation risks are very balanced.

The Wise Finance APP learned that Piero Cipollone, a member of the Executive Committee of the European Central Bank, stated that the current interest rates are at an appropriate level, and he does not believe that there is a significant threat of inflation in any direction. In an interview, Cipollone said that despite uncertainties mainly driven by trade, the European economy still remains "quite resilient." He mentioned that after a slowdown this quarter, growth should return to its previous pattern, "We believe that inflation risks are very balanced. We are in a good position. I mean, we are right on target. In the next two years, we will be close to the target."