ECB's Patsalides Sounds Inflation Alarm as Oil Prices Rise

European Central Bank policymaker and Governor of the Central Bank of Cyprus, Christodoulos Patsalides, warned that higher oil prices could increase inflation risks. He made these remarks during a European trading session on Wednesday.

Patsalides expressed ambiguity regarding the monetary policy outlook, stating that 'We don't know how September data will be.' This indicates that the ECB is keeping a close eye on future economic indicators to inform its decisions.