Iran war could keep inflation high, ECB policymaker Rehn warns, FT reports
10 Articles
10 Articles
The European Central Bank (ECB) should prepare for a protracted "drain conflict" in the Middle East, which will help maintain high inflation in the eurozone, considers the head of the ECB of Finland and a member of the ECB's Governing Council, Ollie Rehn. "We should not be careless in the face of this inflationary pressure," said Ren in an interview with the Financial Times, bearing in mind the consequences of the surge in energy prices caused b…
Iran war could keep inflation high, ECB policymaker Rehn warns, FT reports
saarbruecker-zeitung.de
The oil price shock caused by the Iran war hits consumer prices in the euro area. Inflation rises significantly to 3.3 percent. This increases the pressure on the ECB to act.
His statements reinforce investor expectations that the ECB will raise interest rates by 25 basis points at its meeting on September 10.
Rehn pointed out that the outlook for inflation in the Eurozone could be negatively affected if the conflict drags on. The ECB's readiness for sustained price pressures...
The ECB must prepare for a protracted “conflict of attrition” in the Middle East that could keep inflation high in the eurozone, ECB member Olli Rehn said in an interview with the Financial Times.
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