World News
Prices Likely to Stay Higher Even If Conflict Ends, Nagel Says
Key Points
Prices Likely to Stay Higher Even If Conflict Ends, Nagel Says Prices are likely to stay elevated for longer even if the war in Iran were to end soon, Bundesbank President Joachim Nagel said in an interview with Deutschlandfunk. “We may not even get back to building on the data we had before this conflict, because supply chains have obviously changed, and risk premiums may also increase,” said Nagel, a member of the European Central Bank’s Governing Council, referring to premiums that may be...
Prices Likely to Stay Higher Even If Conflict Ends, Nagel Says
Prices are likely to stay elevated for longer even if the war in Iran were to end soon, Bundesbank President Joachim Nagel said in an interview with Deutschlandfunk.
“We may not even get back to building on the data we had before this conflict, because supply chains have obviously changed, and risk premiums may also increase,” said Nagel, a member of the European Central Bank’s Governing Council, referring to premiums that may be demanded for transporting goods through the Strait of Hormuz.