The European Central Bank's Executive Board member Fabio Panetta said Tuesday that the ECB could afford to be anxiously optimistic about the Eurozone's inflation after recent good readings. However, the official warned that the ECB should not pre-commit to a specific policy course beyond February. Panetta added that the ECB will assess policy in March based on new projections and noted that the tightening effects are yet to be fully felt. Also, he expressed the view that the ECB can bring inflation down with well-calibrated and non-mechanical rate hikes.