ECB to Assess Impact of Weak Eurozone Economy on Inflation Ahead of Rate Decision

The Eurozone economy is showing weaker performance than anticipated, prompting the European Central Bank (ECB) to assess its impact on consumer prices at its upcoming meeting, according to ECB Executive Board member Frank Elderson. Speaking to Slovenian newspaper Delo, as reported by Bloomberg, Elderson stated that recent data indicates economic growth risks are materializing, and this will be a crucial factor when evaluating the inflation outlook.

Elderson, who seldom speaks publicly about monetary policy, emphasized the importance of an open and thorough discussion during the ECB's October 16-17 meeting in Slovenia....