What happened
European Central Bank Governing Council member Zigman said there is a lot of optimism about growth and that no major second-round effects have been observed.
Zigman warned that failing to address inflation would put economic growth at risk.
He also said market bets do not determine the ECB's next move.
Why it matters
The remarks suggest a policymaker sees growth momentum positively while still flagging inflation as a risk to that outlook, a balance that could shape how the ECB frames its next decisions.
By stating that market pricing does not dictate the ECB's next step, Zigman signals that officials want to keep their options open rather than be guided by investor expectations.
Key facts
Zigman said there is much optimism about growth.
Zigman said no major second-round effects have been seen.
Zigman said growth would face risks if inflation is not resolved.
Zigman said market bets do not decide the ECB's next move.
What to watch next
Whether other ECB officials echo Zigman's assessment of growth optimism and second-round effects, which would indicate a broader consensus on the Governing Council.
How the ECB's next policy decision compares with current market pricing, given Zigman's insistence that market bets are not decisive.
