Middle East Conflict Throws Back the Fight Against Inflation

Kronen Zeitung

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The recent military escalation between the US and Iran is relegating the European Central Bank (ECB) to the fight against high inflation, said Greek Councillor Yannis Stournaras on Friday. "So we are back in the beginning." "This illustrates how uncertain and volatile the situation in the Middle East is," he continued. It is also evidence of uncertainty about inflation forecasts. This also applies to the challenges facing monetary policy. The EC…

Protothema

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The new rise in energy prices overturns the data that had formed after the temporary truce, the Governor of the Bank of Greece said, regarding inflation.