ECB Moves Away From April Hike as Peace Talks Progress

European Central Bank officials are leaving Washington ever so slightly more optimistic than when they arrived, as ongoing US-Iran peace talks raise the prospect of energy shipments resuming from the Gulf.

At the start of a busy week of meetings at the International Monetary Fund, President Christine Lagarde said that the euro zone had moved closer to an adverse scenario with inflation climbing above 4%. Now negotiations between the two countries may be advancing.