ECB's Dorrenz: Current monetary policy stance can address various shocks.

ECB Governing Council member Primoz Dolenc said the European Central Bank's current monetary policy stance allows policymakers to respond to any shocks. He said on Wednesday: "We assess that the current interest rate level has sufficient flexibility to respond to subsequent changes in circumstances." He added that future policy actions still depend on inflation expectations and related risks. Speaking in Ljubljana, Dolenc said, "Geostrategic risks and high energy prices remain important sources of uncertainty, which is reflected in persistent inflationary pressures."