ECB Official Zigemann Highlights Price Stability, Notes Falling Oil Prices Will Aid Inflation on June 25

According to Jin10, ECB official Zigemann highlighted price stability as the central bank's key priority on June 25, marking his first public speech since becoming Croatia's central bank governor. He noted that falling oil prices, driven by developments related to the Strait of Hormuz situation, will have a positive impact on inflation control, easing the ECB's task despite concerns that higher borrowing costs may weigh on the region's already fragile economy.
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