According to ECB Governing Council member Negrel on Friday, the European Central Bank is “highly vigilant” regarding rising inflation risks due to the Iran war and will take action as needed to prevent energy cost increases from spreading more broadly to prices. Negrel emphasized that while the conflict’s medium-term inflation impact “remains difficult to assess,” policymakers are prepared to respond. “The Governing Council is aware that risks to price stability are increasing and remains highly vigilant,” he said, adding that the ECB will “do everything to ensure that energy-driven price increases do not spread and become entrenched.”
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