Klaas Knot, a member of the European Central Bank Governing Council, expressed optimism about the Euro-Zone economy. He mentioned that inflation is showing signs of moderation and borrowing costs are declining, which is contributing to a positive outlook.

Knot attributed the recent slow growth to the necessary tightening of monetary policy, aimed at controlling consumer prices. He also emphasized a growing confidence that inflation will align with the ECB's 2% target in a sustainable manner, indicating a potential shift in economic conditions that could benefit the region. This sentiment reflects a broader trend of improving economic indicators, which may influence future monetary policy decisions.