The ECB warns that inflation has not yet peaked and will remain “high” for the rest of the year
The agency ensures that the effects of the “energy disruption” caused by the war in Iran have not yet “fully materialized”.
The European Central Bank (ECB) warns that prices will continue to be high for the remainder of 2026. The body that sets monetary policy for the eurozone countries ensures that inflation will remain at "high" levels and will not start to moderate until the first quarter of 2027 at the earliest. These expectations are justified by the war in Iran, which has caused an "energy disruption" whose effect "has not yet fully materialized".
Furthermore, it points out that the conflict is "an important source of uncertainty", as it can still cause "disruptions in the energy supply" that make prices "rise more and for longer than expected".
Translated by urgent.news from El Pais Economia's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
