ECB Governing Council member Pereira emphasized the need for prompt action in response to persistent consumer price pressures. According to Jin10, Pereira stated in a media interview on Saturday evening that early action is preferable to prevent larger second-round effects later. He expressed a preference for swift and decisive measures when faced with potential inflation spirals. These comments come ahead of the European Central Bank's monetary policy meeting scheduled for June 10-11, where markets and economists anticipate a 25 basis point interest rate hike by officials.