ECB wary of early rate hikes amid energy price fears
ECB accounts show officials avoided early rate hikes in March despite energy risks. They seek more data on the Iran war impact before adjusting policy further.
Xurve View
Xurve View
European Central Bank (ECB) policymakers expressed caution regarding premature interest rate hikes during their March meeting, despite concerns over a potential energy-driven inflation surge. The accounts from the March 18-19 gathering reveal that the ECB maintained its key interest rate at 2%. While there is a growing inclination to hold rates steady again in the coming month, officials are waiting for more definitive evidence regarding the impact of the conflict in Iran on the euro zone's inflation trajectory.
