ECB Alert to Iran War’s Second-Round Effects, Guindos Says

The European Central Bank is on alert for the fallout on prices from the Iran war, Vice President Luis de Guindos told El Mundo newspaper.

“We are ready to respond as necessary,” he was cited as saying. “Of course, we are concerned by the situation. Monetary policy cannot prevent the war from having an initial impact on both inflation and growth, but the ECB can monitor the situation and be alert to potential second-round effects.”