World News
ECB Officials Say Peace in Iran Isn’t Enough to Fix Energy Shock
Key Points
Central Banks ECB Officials Say Peace in Iran Isn’t Enough to Fix Energy Shock European Central Bank officials are signaling that a US-Iran peace accord won’t necessarily stop them lifting interest rates further, even if it prevents a more pronounced overshoot in inflation. While policymakers including President Christine Lagarde welcome the prospect of oil shipments resuming through the Strait of Hormuz, they say significant economic havoc has already been inflicted and have no regrets...
Central Banks
ECB Officials Say Peace in Iran Isn’t Enough to Fix Energy Shock
European Central Bank officials are signaling that a US-Iran peace accord won’t necessarily stop them lifting interest rates further, even if it prevents a more pronounced overshoot in inflation.
While policymakers including President Christine Lagarde welcome the prospect of oil shipments resuming through the Strait of Hormuz, they say significant economic havoc has already been inflicted and have no regrets about last week’s decision to hike.