ECB Committee member Dombret: No need for rate hike for now if energy market remains stable.

European Central Bank Governing Council member Primoz Dolenc said that if the situation in the Middle East does not deteriorate further during this period, the European Central Bank may maintain the benchmark interest rate unchanged at the next meeting. Dolenc said at the ECB's annual forum in Sintra, Portugal on Tuesday that it would be reasonable to pause interest rate hikes in July if energy costs remain at current levels, fluctuations in the commodity markets do not escalate, and there is no secondary inflation transmission effect. "If oil and gas prices continue to decline, I see no urgency for further tightening of monetary policy," he said, "Considering the current data, it may be more appropriate to wait until September to take action."