ECB's Kocher says uncertainty has risen due to the Iran war
- If current market expectations on prices becomes a reality, would expect growth to be lower by a quarter of a point, and inflation to rise by half a point
Context
The comments from ECB's Kocher indicate that rising uncertainty, particularly related to the Iran war, could impact growth and inflation projections. Specifically, if current price expectations hold, we might see a downward revision in growth and a notable increase in inflation, which could have implications for the ECB's policy stance and market positioning, especially in rates and the euro.
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