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European Central Bank Monitors Repercussions of the Iran War
European Central Bank officials stated that the impact of the war in the Middle East on the European economy remains unclear. However, they are paying close attention to its indirect effects on prices and inflation expectations. They noted that the Eurozone is struggling to move past this phase amid ongoing tensions and that the Bank is prepared to take appropriate monetary measures if necessary, while maintaining stable medium- and long-term inflation outlooks.
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