[European Central Bank Governing Council Member Kazimir: Further Policy Tightening Needed to Curb Inflation] Jin10 Data, June 15 – European Central Bank Governing Council Member Kazimir stated on Monday that the ECB has taken the first step in curbing price pressures, but it is increasingly evident that more actions are required. Last Thursday, the ECB raised interest rates for the first time in nearly three years, aiming to contain inflation before the surge in energy costs triggered by the U.S.-Israel war against Iran spreads further across the Eurozone. In his article, Kazimir wrote: 'Now is not the time for complacency or hesitation. Higher energy costs are likely to persist for longer than many had initially hoped. Even though the U.S. and Iran have just announced a peace framework agreement, the damage caused in the Middle East cannot be undone overnight.' He emphasized that if the ECB does not act, the second-round effects of rising energy prices will emerge. 'We have taken the first step in curbing medium-term price pressures, but the task is far from complete. Based on the information currently available, it is increasingly clear that monetary policy still has more work to do.'