ECB's Makhlouf says without a clear timeline for the Middle East conflict, he is concerned about a higher-for-longer energy price scenario
Makhlouf's comments reflect a hawkish undertone regarding inflation concerns linked to the Middle East conflict and its potential impact on energy prices.
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ECB's Makhlouf says without a clear timeline for the Middle East conflict, he is concerned about a higher-for-longer energy price scenario
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- Inflation expectations need to be closely monitored for signs of de-anchoring.
His emphasis on monitoring inflation expectations signals that elevated energy prices could challenge ECB's policy direction, influencing interest rate decisions and cross-asset behavior, particularly in EUR and fixed income markets.
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