FRANKFURT, May 6 (Reuters) - Euro zone inflation trends are moving away from the European Central Bank's baseline projection towards the adverse, raising the chance the bank may have to increase borrowing costs, ECB board member Piero Cipollone said on Wednesday.
"Overall, the current situation seems to be drifting away from our March baseline projections, which increases the likelihood that we may need to adjust our policy rates," Cipollone said in a speech in Milan.
(Reporting by Balazs Koranyi; Editing by Andrew Heavens)