European Central Bank board member Kazimir calls for vigilance against rising inflation risks.

Peter Kazimir, a member of the European Central Bank's Governing Council, stated that the ECB must remain vigilant to address the risks of rising inflation. The Slovak official warned that despite the ECB bringing interest rates into a "comfortable neutral zone", flexibility must be maintained in an increasingly turbulent global environment. Kazimir said in a commentary article on Monday, "The road to achieving the inflation target is not smooth, and we must remain vigilant to address ongoing risks, including the risk of rising inflation. Ignoring these risks would be a mistake." The ECB maintained interest rates at its second meeting last week, citing that inflation rates are close to the 2% target and threats to the region's economy have diminished. The meeting released the latest quarterly forecasts, lowering the inflation expectation for 2027 from 2% to 1.9%, but Kazimir indicated that there is no need to worry about this change. He stated, "We should not adjust policies due to minor deviations, as such fluctuations are inevitable. Instead, we must keep all policy options open and be ready to make adjustments based on new evidence."