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ECB Sees Iran War Inflation as Broad, Signals More Rate Hikes

ECB Sees Iran War Inflation as Broad, Signals More Rate Hikes

Ezra Lane 2 weeks ago
European Central Bank Executive Board member Isabel Schnabel stated that the ECB can no longer dismiss the inflation caused by the Iran conflict, as price pressures have expanded beyond energy. She noted that damage to energy infrastructure and global supply chains has created more lasting price dynamics. Schnabel characterized the Iran shock as a global demand shock that increases production costs worldwide. She indicated that further rate hikes are likely, emphasizing that it's too early to determine a specific number or end point for the increases, with the ECB continuing to monitor data and developments in the Middle East.
United States

ECB Sees Iran War Inflation as Broad, Signals More Rate Hikes

Ezra Lane 2 weeks ago
European Central Bank Executive Board member Isabel Schnabel stated that the ECB can no longer dismiss the inflation caused by the Iran conflict, as price pressures have expanded beyond energy. She noted that damage to energy infrastructure and global supply chains has created more lasting price dynamics. Schnabel characterized the Iran shock as a global demand shock that increases production costs worldwide. She indicated that further rate hikes are likely, emphasizing that it's too early to determine a specific number or end point for the increases, with the ECB continuing to monitor data and developments in the Middle East.
United States
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