ECB Governing Council member Primoz Dolentz said that the ECB's current monetary policy position allows policy officials to respond to any shocks. “We assess that the current interest rate level is flexible enough to cope with subsequent changes in the situation,” he said on Wednesday. He added that subsequent policy actions will still depend on inflation expectations and related risks. Speaking in Ljubljana, Dolenc said, “Geostrategic risks and high energy prices are still important sources of uncertainty, which is reflected in continuing inflationary pressure.”

ECB Governing Council member Primoz Dolentz said that the ECB's current monetary policy position allows policy officials to respond to any shocks. “We assess that the current interest rate level is flexible enough to cope with subsequent changes in the situation,” he said on Wednesday. He added that subsequent policy actions will still depend on inflation expectations and related risks. Speaking in Ljubljana, Dolenz said, “Geostrategic risks and high energy prices are still important sources of uncertainty, which is reflected in continued inflationary pressure.”