[European Central Bank's Stournaras: More Restrictive Monetary Policy Needed if Inflation Exceeds Target] Jin10 News, May 25 – European Central Bank Governing Council member Stournaras stated on Monday that if the eurozone inflation rate temporarily but significantly exceeds the ECB's target, monetary policy should be cautiously adjusted in a more restrictive direction. Stournaras pointed out that the blockade of the Strait of Hormuz during the ongoing conflict in Iran has led to a surge in oil and natural gas prices, which could have secondary effects on wages as well as the prices of goods and services. 'If the inflation rate significantly but only temporarily exceeds the target level, the policy response should remain balanced; that is, monetary policy should be cautiously adjusted to a more restrictive stance to curb the intensity of second-round effects, while avoiding excessive harm to economic activity,' he added. He emphasized that it is essential to ensure inflation returns to the ECB's 2% medium-term target while avoiding the burden on economic activity and investment caused by overly restrictive monetary policy.