ECB’s Kaasik: Price rises not broad-based, 4% inflation possible in coming weeks

Kaasik's framing separates a headline number from the underlying breadth of price pressure, which is the distinction that matters for how the ECB calibrates its response. The signal is one of patience: a 4% print in the coming weeks is treated as something to absorb rather than react to, so the Governing Council appears willing to look through a near-term spike while it waits for confirming data. The open question is whether that patience holds if the headline keeps climbing, and whether other Council members echo the same tolerance for waiting.