ECB Vice-President Urges Rate Caution Amid Iran War
ECB Vice-President Luis de Guindos urged caution on interest rates today due to uncertainty from the war in Iran. He also warned of financial stability risks.
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European Central Bank Vice-President Luis de Guindos has emphasized the need for caution regarding interest rate adjustments, pointing to the significant uncertainty surrounding the conflict in Iran. Speaking ahead of the ECB's meeting next week, de Guindos noted that policymakers are currently lacking sufficient evidence to raise rates as a means of addressing inflation driven by energy costs.
