[European Central Bank Governing Council Member Kocher said the European economy is gathering more momentum] On August 29, ECB Governing Council member Martin Kocher said that the European economy is gathering more momentum. Currently, ECB officials are assessing how much further to raise interest rates. "The European economy is more resilient than many people thought and is currently showing some momentum, more momentum," the Austrian central bank president said on the sidelines of the annual global central bank meeting in Jackson Hole. When it comes to inflation, Kocher said he "remains vigilant and will never take it lightly." Kocher's comments further highlighted discussions within the European Central Bank on whether to continue tightening monetary policy. The European Central Bank raised its deposit rate by 25 basis points in June. Inflation remains well above the 2% target and is expected to remain high in the coming months as the war in Iran drives up energy costs.