ECB Vows to Keep Inflation in Check Amid Energy Shock

European Central Bank (ECB) Governing Council member Ante Žigman emphasized that the central bank is committed to maintaining inflation around its target rate of 2%. In an interview with Jutarnji List, Žigman acknowledged that the energy shock has had a significant impact on the Eurozone economy and expressed concern about its intensity and duration.

No immediate reaction was seen in the euro (EUR) after Žigman's remarks. At press time, EUR/USD traded 0.33% higher, slightly above 1.1400.