ECB Policy Response Depends on Energy Supply Disruption
Yannis Stournaras says ECB policy depends on energy price duration. Temporary spikes require little change but persistent rises could lead to tighter measures.
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Yannis Stournaras, a member of the European Central Bank Governing Council, stated that the future of monetary policy in the euro zone is contingent on the impact of energy supply issues arising from the conflict involving Iran.
Speaking at the annual shareholders meeting of the BANK OF GREECE in Athens, Greece, Stournaras emphasized that the central bank's response will be calibrated based on whether energy price increases are fleeting or sustained.
