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ECB will have to respond to inflation increase, EU's Dombrovskis says

By Reuters Reuters
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. REUTERS/Tom Nicholson
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. REUTERS/Tom Nicholson Tom Nicholson Reuters

NICOSIA - European Economy Commissioner Valdis Dombrovskis said on Friday that it is clear the European Central Bank will need to react to rising inflation.

"So it's clear that the ECB will help to respond to the increase in inflation. So we are forecasting inflation of 3.1% this year. So it's all about ECB's target of 2%," he told reporters ahead of an Eurogroup meeting in Nicosia.

(Reporting by Jan Strupczewski, Writing by Charlotte Van Campenhout, Editing by Inti Landauro)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published May 22, 2026 at 2:00 AM.

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