ECB Policymaker Dolenc Warns of Upside Inflation Risks, Suggests Further Rate Hikes Possible

European Central Bank policymaker Primoz Dolenc stated that the ECB might need to continue raising interest rates due to persistent upside inflation risks, though the timing and magnitude of any moves remain uncertain. He noted that while headline inflation rose to 3.8% last month, core inflation has remained relatively stable, suggesting limited pass-through of energy costs to underlying components.