ECB's Lane says it is too early to assess the duration of the Iran war shock, hard to know whether it is temporary or something bigger
ECB's Lane's comments highlight uncertainty around the economic impact of the Iran war shock, which is particularly relevant as it could influence inflation and growth forecasts.
[MARKET UPDATE] Upside seen in equities and modest downside in the crude space in the last few minutes, seemingly as a MS NOW journalist reposted an article from overnight around possible compromises re. Iran's nuclear program
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ECB's Lane says it is too early to assess the duration of the Iran war shock, hard to know whether it is temporary or something bigger
Israeli regime's ships seized, Press TV reports
ECB's Stournaras says ECB should wait on rate hikes, Middle-East was should end sooner rather than later
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By stating it's too early to evaluate whether this shock is temporary or significant, he suggests that the ECB may need to adopt a cautious stance in future policy decisions. This could create volatility in the EUR and related markets as traders assess the implications for monetary policy.
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