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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, and for Implementation and Simplification Valdis Dombrovskis attends a Eurogroup press conference, in Nicosia, Cyprus May 22, 2026. REUTERS/Yiannis Kourtoglou
European Commissioner for Economy and Productivity, and for Implementation and Simplification Valdis Dombrovskis attends a Eurogroup press conference, in Nicosia, Cyprus May 22, 2026. REUTERS/Yiannis Kourtoglou Yiannis Kourtoglou 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)

President of the European Central Bank Christine Lagarde and Eurogroup President Kyriakos Pierrakakis attend a Eurogroup press conference, in Nicosia, Cyprus May 22, 2026. REUTERS/Yiannis Kourtoglou
President of the European Central Bank Christine Lagarde and Eurogroup President Kyriakos Pierrakakis attend a Eurogroup press conference, in Nicosia, Cyprus May 22, 2026. REUTERS/Yiannis Kourtoglou Yiannis Kourtoglou Reuters

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published May 22, 2026 at 2:40 AM.

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