PANews reported on February 15 that according to Jinshi, Panetta, the executive board member of the European Central Bank, said that there is no need to hold back on interest rate cuts. Since the 2% price target is within reach and inflation risks are also declining, there is no need to postpone interest rate cuts. Panetta said on Saturday: "Monetary policy continues to exert downward pressure on economic activity and inflation. With inflation close to the target and domestic demand continuing to be weak, this impact is increasingly unnecessary. Less decisive easing of monetary policy may lead to too low inflation in the medium term." Panetta also said that borrowing costs are approaching the neutral interest rate, a level that will neither restrict nor stimulate the economy. He believes that the downside risks to inflation are greater than the upside risks.

The imposition of tariffs by the United States on European exports is likely to have little impact on eurozone inflation, with the main risk remaining that medium-term inflation falls below 2%. He also called for policy decisions to be "supported by communications that focus on the real economy and medium-term inflation prospects". Panetta believes that the main threat to price trends comes from the energy market. Prices in the energy market, especially natural gas, are rising amid increased volatility and need to be closely monitored.