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2025-10-31 16:43:53
[ECB Governing Council Member Emphasizes Caution Regarding Inflation Forecasts] ⑴ ECB Governing Council member Kazzaks pointed out that caution is needed regarding the new inflation forecasts to be released in December. ⑵ He emphasized that volatile policy decisions based on forecasts should be avoided, and prudence is a virtue that policymakers should uphold. ⑶ The inclusion of price trend projections for 2028 for the first time will help assess the path to achieving inflation targets. ⑷ However, due to high uncertainty, the forecasts are highly likely to be revised. ⑸ Kazzaks believes that while the 2028 forecasts are important, their importance should not be overestimated. ⑹ These forecasts will come with a large margin of error, and uncertainty will persist.
