# ECB's Kazimir: We should act before high inflation starts to feel normal

> ECB Governing Council member Peter Kazimir said further monetary policy tightening is increasingly needed and the question is how much, not whether. He warned markets may underestimate the required path. EUR/USD rose about 0.7% to near 1.1230 as the move was attributed mainly to dollar weakness.

- Date: 2026-11-02 · published 2026-11-03T06:07:49.959Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/77060-ecb-s-kazimir-we-should-act-before-high-inflation-starts-to-feel-normal
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Hawkish ECB signals support the euro, which lowers the dollar cost of EU-priced feed imports and can soften USD-denominated soymeal and corn prices for European buyers.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-02 | [Inflation shock and ECB hawks keep euro near 1-month high \| Reuters](https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters.md) | -0.2% | -2.3% |
| EURUSD | 2021-08-31 | [What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?](https://feedsoft.ai/events/45766-what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd.md) | +0.5% | -1.0% |
| EURUSD | 2023-03-30 | [FOREX-Euro rises as inflation takes centre stage, bank fears recede \| Kitco News](https://feedsoft.ai/events/37075-forex-euro-rises-as-inflation-takes-centre-stage-bank-fears-recede-kitco-news.md) | +0.8% | +2.1% |
| EURUSD | 2022-12-14 | [EUR/USD Turns to the Fed & the ECB, After Tuesday’s Jump on Softer US CPI Inflation \| FXCM Markets](https://feedsoft.ai/events/38442-eur-usd-turns-to-the-fed-and-the-ecb-after-tuesday-s-jump-on-softer-us-cpi.md) | +0.0% | +1.8% |
| EURUSD | 2026-03-19 | [VIEW ECB holds rates steady as Middle East war re-ignites inflation fears \| Reuters](https://feedsoft.ai/events/20371-view-ecb-holds-rates-steady-as-middle-east-war-re-ignites-inflation-fears.md) | +0.5% | +2.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/ecbs-kazimir-we-should-act-before-high-inflation-starts-to-feel-normal-202611020919

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.