ECB's Schnabel: The impact of the Iran war on inflation cannot be ignored

ChainCatcher news, according to Golden Ten Data, European Central Bank executive board member Schnabel stated that as price pressures spread beyond the energy sector and the risk of unanchored inflation expectations rises, the European Central Bank can no longer ignore the inflationary impact caused by the Iran war. She pointed out that the damage to energy infrastructure and global supply chains has changed price dynamics in a more lasting manner, and policymakers may need to respond. Schnabel emphasized that the current shocks are different from previous energy crises and have increased production costs globally.