ECB Says Extent of Inflation Shock 'Remains to Be Seen'
Bloomberg 2026-06-30 07:35:35
Context: European Central Bank Governing Council member Olaf Sleijpen commented on the inflation shock caused by the Iran war at the ECB Forum on Central Banking in Sintra, Portugal, stating that its full extent remains unclear. Sleijpen's remarks were made during an interview with Bloomberg's Francine Lacqua. Policymakers are awaiting data to determine their next course of action.
Key Facts
- European Central Bank Governing Council member Olaf Sleijpen stated that the full extent of the inflation shock from the Iran war isn’t yet clear.
- Sleijpen made these comments during an interview with Bloomberg's Francine Lacqua at the ECB Forum on Central Banking in Sintra, Portugal.
- The inflation shock being referred to is a result of the Iran war.
- Policymakers will act accordingly as data arrive, indicating a data-driven approach to their decision-making process.
- The interview and subsequent comments were reported by Bloomberg, a financial news organization.