European Central Bank Executive Board member Piero Cipollone said on 26 July that recent economic indicators are delivering “conflicting” or “mixed” signals, leaving the outlook for the euro-area economy uncertain. Cipollone’s remarks, made in an interview reported by several financial outlets, suggest the ECB will maintain a cautious stance as policymakers weigh how imbalances in growth, inflation and financial conditions should inform future decisions on interest rates and liquidity support.