The European Central Bank board member Kazimir said that the central bank is currently feeling reassured but is prepared to take action when necessary.

Peter Kazimir, a member of the European Central Bank's Governing Council, stated that the ECB is saying goodbye to this year in a calm manner, but is prepared to take action at any time if the situation changes. The Slovak official pointed out that although the risks facing the outlook may have narrowed and become more balanced, the current situation of meeting inflation targets and steady economic expansion is still "quite fragile." He emphasized in a commentary article published on Monday, "We maintain a flexible stance and are ready to act if new actions are needed in the future. Agility and flexibility remain key." The European Central Bank kept interest rates unchanged for the fourth consecutive meeting last week, while raising its economic growth forecast and predicting that inflation will remain at around 2% over the next three years. However, risks still remain - including the impact of trade disputes and the Russia-Ukraine conflict.