The ECB may not be done. Slovenia's Primoz Dolenc says inflation risks remain tilted to the upside with the deposit rate at 2.5% after two hikes this year, timing left meeting-by-meeting. Core has hel

What happened: ECB policymaker Dolenc said persistent inflation and geopolitical conflicts support a more restrictive monetary policy stance, with future decisions taken meeting by meeting based on incoming data. Key numbers: ECB raised its deposit rate twice this year to 2.5%. Inflation accelerated to 3.8% last month, nearly twice the 2% target. Why it matters: Dolenc said inflation risks remain tilted higher due to energy market uncertainty. He played down concerns over monetary policy transmission, while Lane and Schnabel warned rising yields could weigh on growth.

ECB policymaker Dolenc said persistent inflation and geopolitical conflicts support a more restrictive monetary policy stance, with future decisions taken meeting by meeting based on incoming data.

Dolenc said inflation risks remain tilted higher due to energy market uncertainty. He played down concerns over monetary policy transmission, while Lane and Schnabel warned rising yields could weigh on growth.