ECB’s Kocher urges patience: small inflation swings shouldn’t trigger rate shifts

Austrian central bank chief Martin Kocher said that the European Central Bank should resist altering policy over minor inflation fluctuations. Speaking at a finance conference, he underscored that inflation drifting to 1.7% next year still aligns with the ECB’s 2% target, and warned against overreacting without external shocks. With the ECB holding its deposit rate at 2% since June, Kocher’s view supports the view that the bank should maintain steady policy unless major disruptions emerge.