ECB's Stournaras says a longer conflict could mean that the baseline no longer holds

Yannis Stournaras' comments suggest that if the current conflict in the region persists, it may disrupt the ECB's economic forecasts, potentially leading to revision of policy outlooks. This is particularly important as it signals that the central bank might need to reassess its stance on rates and inflation, aligning market expectations with evolving geopolitical conditions.