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ECB wary of Iran-war inflation spike after missing last 'transitory' surge

By Reuters March 04, 2026 Bearish
ECB wary of Iran-war inflation spike after missing last 'transitory' surge
Having missed the onset of a historic inflation surge just years ago, European Central Bank policymakers are likely to avoid casting any Iran war-induced price spike as "transitory" ​and may keep a lower bar for policy action than in past energy price shocks.
Having missed the onset of a historic inflation surge just years ago, European Central Bank policymakers are likely to avoid casting any Iran war-induced price spike as "transitory" ​and may keep a lower bar for policy action than in past energy price shocks.