Energy Shock From Iran War Puts ECB Policy on Edge

Energy Shock From Iran War Puts ECB Policy on Edge - Moby THE GIST The European Central Bank had settled into a rare period of calm, with interest rates on hold and inflation drifting back toward its 2% target. The war involving Iran has suddenly complicated that picture. If higher energy prices persist and begin to shift inflation expectations, ECB officials are warning that the central bank’s comfortable wait-and-see stance could change. WHAT HAPPENED ECB Vice President Luis de Guindos said a prolonge ...