European Central Bank Governing Council member Makhlouf stated that the impact of carbon pricing mechanisms or delayed implementation should not be "overly worried about."

European Central Bank Executive Board member Gabriel Makhlouf said he is not overly concerned about the possible delay in the implementation of the EU carbon pricing mechanism causing inflationary pressures. The Irish official stated in Dublin on Monday, "I'm not going to get too exercised about what may or may not happen with ETS2 - I really won't. Given the ongoing uncertainty, our approach of reviewing all matters step by step is still the right one." The possible delay in implementing ETS2 could lead to a downward revision of inflation expectations for 2027, the year when the system was originally set to start. European Commission Vice-President for Economic Affairs Valdis Dombrovskis stated that the impact could be around 0.3 percentage points, meaning price increases could be lower than the European Central Bank's target of 2%. Despite this risk, most policymakers still believe that current interest rates are appropriate, with the economy continuing to grow and inflation being effectively controlled. Makhlouf said that expressing concerns about price trends is "overstating the case." "I think the current situation is good," he emphasized, "the latest forecasts show we are progressing as planned."