欧洲央行管委兼法国央行行长Villeroy：欧洲央行密切监测着能源价格的溢出效应。如果能源影响持续，欧洲央行可能会调整政策。近期欧元上涨已产生明显的通胀抑制效应。如果欧洲央行在未来6个月内采取行动，更有可能是宽松政策。欧洲央行的政策必须保持灵活，但仍需可预测。欧洲央行利率非常接近中性区间的中心，政策进程未必已经结束。欧洲央行不能自满或被动。

Core Viewpoint - The European Central Bank (ECB) is closely monitoring the spillover effects of energy prices and may adjust its policy if the impact persists [1] Group 1: Policy Monitoring - The ECB is observing the inflation suppression effects of the recent euro appreciation [1] - If the ECB takes action within the next six months, it is more likely to be a loosening policy [1] - The ECB's policy must remain flexible while still being predictable [1] Group 2: Interest Rates and Economic Outlook - The ECB's interest rates are very close to the center of the neutral range, indicating that the policy process may not be over yet [1] - The ECB should not become complacent or passive in its approach [1]