ECB’s Žigman: Central bank is committed to ensure inflation stable around 2%

The remarks from European Central Bank (ECB) Governing Council member and Governor of Croatia's central bank, Ante Žigman, in an interview with Jutarnji List, released during the European trading session on Monday, signal that the central bank will remain vigilant about the intensity and duration of the energy shock on the Eurozone economy.

Comments

Uncertainty remains high.

Impact of energy shock will only be seen in the coming months.

Intensity and duration of the shock are crucial.

ECB's goal is to ensure medium term inflation remains stable around 2%.

The decision will be made based on the data and projections we will receive in the coming weeks.

Market reaction

No immediate reaction seen in the Euro (EUR) following the release of ECB Žigman's remarks. At press time, EUR/USD trades 0.33% higher slightly above 1.1400.