ECB's Stournaras says should the Iran war continue, then there will be an upward pressure on EZ inflation; no rush to change rates

ECB's Stournaras says should the Iran war continue, then there will be an upward pressure on EZ inflation; no rush to change rates.

Stournaras's remarks highlight the potential inflationary pressures stemming from ongoing geopolitical tensions, specifically the Iran war. He suggests that these developments could necessitate a reconsideration of the ECB's stance but indicates there’s no immediate need to adjust rates, which could provide a temporary footing for the euro and influence market expectations surrounding upcoming ECB decisions.