ECB Is ‘Highly Vigilant’ to Rising Inflation Risks, Nagel Says

The European Central Bank is “highly vigilant” to rising inflation risks due to the Iran war and will act as needed to prevent higher energy costs spilling over into prices...

By Mark Schroers · Bloomberg Markets

The European Central Bank is “highly vigilant” to rising inflation risks due to the Iran war and will act as needed to prevent higher energy costs spilling over into prices more broadly, Governing Council member Joachim Nagel said.