ECB's Cipollone Urges Pause on Hikes Until New Projections

European Central Bank Executive Board member Piero Cipollone on Wednesday urged his colleagues to hold off on any additional rate hikes until the bank receives its next set of economic projections.

The statement, reported by a news outlet, suggests a cautious approach within the ECB's Governing Council as it awaits updated forecasts before making further tightening decisions.

Cipollone's comments come amid ongoing debate over the pace of monetary tightening in the euro zone, with inflation still above the ECB's target but economic growth showing signs of slowing.