ECB Must Act Early Against Inflation, Says Governing Council Member

A member of the European Central Bank's Governing Council emphasized that the central bank must intervene against inflation in a timely manner. The ECB reviews its growth and inflation forecasts every three months as part of its monetary policy framework. The statement comes as European policymakers continue to monitor price pressures across the eurozone, where central banks use regular economic projections to guide their interest rate decisions and other monetary policy tools.