ECB's Kazimir says will not hesitate to take action if inflation was at risk of staying above target for a prolonged period; can do little about the inflation spoke in the next few months; yet to leave our "good place"

Kazimir's comments signal a balanced approach from the ECB regarding inflation risks, emphasizing readiness to act if inflation exceeds targets for an extended period. However, his acknowledgment of limited immediate impact suggests the ECB is in a wait-and-see mode, which could affect expectations for future rate adjustments and overall market sentiment, particularly in the EUR and fixed income sectors.