ECB's Makhlouf Says Central Bank Must Get Ahead of Inflation

European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Ireland, Gabriel Makhlouf, commented during European trading hours on Friday that the central bank must move quickly to stay ahead of inflation.

Makhlouf's remarks suggest a hawkish stance, emphasizing the need for preemptive action rather than waiting for inflation to accelerate further. The statement adds to recent commentary from ECB officials signaling potential policy tightening.