ECB President Lagarde says ECB is in a good position to respond to the Iran situation, adds would be a mistake to say we need to look through the shock, and it's just too soon to make such a conclusion

Lagarde's comments indicate that the ECB recognizes the potential economic impact of geopolitical events, such as the Iran situation, and is cautious about dismissing their significance too quickly. This suggests a more data-driven approach to policy adjustments, potentially influencing market expectations for future rate decisions and adding volatility to both the Euro and fixed income markets.