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ECB’s Makhlouf Sees Lingering Price Pressures Despite Iran Deal
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Central Banks ECB’s Makhlouf Sees Lingering Price Pressures Despite Iran Deal European Central Bank Governing Council member Gabriel Makhlouf played down the idea that a peace deal between the US and Iran would quickly change the trajectory of euro-area inflation. “An end to the conflict does not necessarily mean an immediate end to the shock,” the Irish central-bank chief said Tuesday in Dublin.
Central Banks
ECB’s Makhlouf Sees Lingering Price Pressures Despite Iran Deal
European Central Bank Governing Council member Gabriel Makhlouf played down the idea that a peace deal between the US and Iran would quickly change the trajectory of euro-area inflation.
“An end to the conflict does not necessarily mean an immediate end to the shock,” the Irish central-bank chief said Tuesday in Dublin. “It remains to be seen how quickly supply chains normalize and energy prices adjust.”
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