ECB Governing Council member Martin Kochel said that while officials are considering the extent of interest rate hikes, the European economy is speeding up. The governor of the Bank of Austria is attending the Federal Reserve's annual economic seminar in Jackson Hole. In an interview with Bloomberg TV, he said, “The resilience of the European economy far exceeds the judgment of many people. It is currently showing momentum, and the momentum is increasing.” Analysts estimated an inflation rate of 3.3% in August. On the issue of inflation, Kochel said, “We will remain alert and never take it lightly.” After the deposit interest rate was raised by 25 basis points in June, discussions within the ECB on whether to further tighten monetary policy are ongoing. These remarks add further footnotes to this debate. The current level of inflation is far above the 2% target. Affected by the Iran conflict driving up energy costs, inflation is expected to remain high in the coming months.

ECB Governing Council member Martin Kochel said that while officials are considering the extent of interest rate hikes, the European economy is speeding up. The governor of the Bank of Austria is attending the Federal Reserve's annual economic seminar in Jackson Hole. In an interview with Bloomberg TV, he said, “The resilience of the European economy far exceeds the judgment of many people. It is currently showing momentum, and the momentum is increasing.” Analysts estimated an inflation rate of 3.3% in August. On the issue of inflation, Kochel said, “We will remain alert and never take it lightly.” After the deposit interest rate was raised by 25 basis points in June, discussions within the ECB on whether to further tighten monetary policy are ongoing. These remarks add further footnotes to this debate. The current level of inflation is far above the 2% target. Affected by the Iran conflict driving up energy costs, inflation is expected to remain high in the coming months.