ECB Stays Firm on 2% Inflation Target Amid Economic Uncertainty

European Central Bank (ECB) board member Žigman has reaffirmed the central bank's commitment to maintaining inflation stable around the 2% target, signaling a continued cautious approach to monetary policy in the face of economic headwinds across the eurozone.

The ECB's primary objective remains price stability, and the 2% inflation target serves as the anchor for all monetary policy decisions. Žigman emphasized that this target guides interest rate adjustments and asset purchase programs.

The remarks come as eurozone inflation data shows a gradual decline from peak levels but remains above the target in several member states. Analysts interpret Žigman's comments as a signal that the central bank will maintain a restrictive policy stance until inflation is sustainably at 2%.