ECB’s Sleijpen says Iran shock persists, no second-round effects yet
On Tuesday, Olaf Sleijpen, President of De Nederlandsche Bank and a member of the European Central Bank (ECB) Governing Council, said that “the Iran shock is more persistent than earlier thought,” but noted that the central bank is not seeing “second-round effects yet.”
Sleijpen added that “the advance in energy risks has knock-on inflation effects,” and that tightening is slowing the European Union economy.
Key highlights:
The Iran shock is more persistent than earlier thought
We don't really see second-round effects yet
The advance in energy risks has knock-on inflation effects
Tightening is slowing Europe's economy
Problems in France must be solved in Paris
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