20 Hrs
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الاقتصادية
ECB: Inflation remains steady despite Hormuz reopening
Joachim Nagel, a member of the European Central Bank’s Governing Council and president of the German Central Bank, confirmed that there are no signs of inflation declining soon in the Eurozone. He pointed out that opening the Strait of Hormuz will not immediately accelerate the restoration of oil supplies or lead to a quick drop in prices. He mentioned that restoring energy supplies could take months, despite expectations that underlying price pressures will persist. He also indicated that all political options remain on the table in upcoming meetings.
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