According to Jin10, ECB Governing Council member Peter Kazimir said energy prices remain a key factor for the European Central Bank to consider when deciding its next move, but he did not reveal how he will vote on rates at future meetings. Kazimir said the ECB's rate hike earlier this month was unavoidable because of the energy price shock, and that elevated energy prices have lasted longer than expected. He added that the ECB has time to keep policy flexible and said January repricing data will be a key basis for assessing the "secondary effects" of higher energy prices on inflation.
