European Central Bank Vice-President Luis de Guindos said on Wednesday that his projections do not show the risk of undershooting the 2% price goal. He added that inflation is seen on track to meet the ECB's 2% target next year.
The official also said that restrictions are to be eased in the coming months if inflation is declining, converging, and returning to the ECB's target.
In addition, de Guindos advocated for the ECB's meeting-by-meeting approach to making policy decisions, arguing that the central bank should be prudent given the uncertainty in the world and European economy and geopolitical risks, and try to avoid making a mistake