[ECB Governing Council Member: Inflation Spiral Risks Persist, Action Should Be Taken Sooner Rather Than Later] Jin10 News, May 31 – ECB Governing Council member Pereira stated that given the persistently high consumer price pressures, the European Central Bank should not hesitate to take action. In an interview with the media on Saturday evening, he said: 'I believe action should be taken sooner rather than later to avoid greater second-round effects later on. When there is a potential inflation spiral, I tend to act more swiftly and decisively.' These comments come ahead of the ECB's monetary policy meeting on June 10-11, where markets and economists expect officials to raise interest rates by 25 basis points.