Cipollone, monetary policy easing if data confirmed. “If incoming data confirms the scenario forecast in the March projections, we should be ready to rapidly scale back our restrictive monetary policy.” This was stated by ECB board member Piero Cipoll one in a speech on monetary policy in Brussels.
“Today, the disinflation process is surrounded by less uncertainty as supply-side shocks reverse and risks to the inflation outlook have balanced out” “We are increasingly confident that inflation will converge to 2% by mid-2025 ".