111 Days
Source:
الصحة والعلوم الشرق الأوسط
ECB Economist: Iran Conflict Drives Inflation
The head of the European Central Bank's Economy Department, Philip Lane, stated that the energy shock resulting from the Iran conflict will have a lasting impact on inflation rates in the Eurozone, even if a quick resolution to the dispute is reached. He explained that rising oil prices and the challenges of rebuilding strategic reserves will keep fuel costs elevated and lead to long-term inflationary effects. The ECB is also expected to raise interest rates, but with warnings against exaggerated reactions to prevent the long-term anchoring of high inflation expectations.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)