According to CoinMeta, ECB Governing Council member Nägele stated on Friday that if the current situation continues, the ECB is likely to need to raise interest rates again. He pointed out that the longer inflation remains high, the greater the risk of a second-round effect. Compared to the September forecast, the inflation outlook has deteriorated, with energy prices significantly higher than previously expected, and natural gas and electricity prices have also accelerated in recent weeks. At the same time, core inflation remains high, and short-term inflation expectations have risen along with overall inflation. Nägele said that the European economy currently exhibits a certain degree of resilience, and the likelihood of repeating the inflation scenario of 2022 is not high, provided that the ECB fulfills its responsibilities.