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ECB Executive Director Piero Cipollone said the ECB may relax its monetary policy stance if the slowdown in consumer price growth continues.
The Italian official, who is attending the spring meetings of the International Monetary Fund and World Bank in Washington, said if future data confirms that inflation is returning to the 2% target,"cancel."bestfreepokersitesSome of the restrictive measures we implement in 2023 will be appropriate."
"We expect inflation to remain more or less at this level for the rest of the year,"bestfreepokersitesHe said at the IIF Global Outlook Forum on Wednesday. "We expect inflation to continue to fall next year."
Cipollone said the possible rise in oil prices caused by rising tensions in the Middle East was "one of the main concerns."