FRANKFURT (Reuters) -The European Central Bank should not adjust policy in the case of small deviations from its inflation target and should instead focus on the big picture, ECB policymaker Peter Kazimir said on Monday.

The ECB left interest rates unchanged on Thursday and maintained an upbeat view on the economy, indicating that it was in no hurry to cut rates again, even with inflation set to dip below target in both 2026 and 2027.

“We need to stay away from moving on small, tiny deviations from the target because we know they will come,” Kazimir said in a blog post. “We need to stay focused on what’s beyond these temporary wobbles.”

The ECB’s strategy allows for “inevitable” short-term deviations from its 2% target and calls for action only in case of large, sustained under or overs

See Full Page