European Central Bank Governing Council member Primoz Dolenc says the ECB may not need to raise interest rates at its next meeting if energy markets remain calm while geopolitical tensions in the Middle East do not escalate. Speaking in line with the ECB’s inflation and monetary policy approach, Dolenc links the urgency of any rate adjustment to how developments in the region affect energy prices and broader market conditions. If energy prices do not surge, he indicates there is less immediate pressure for the ECB to change rates. The remarks suggest the ECB retains flexibility and is monitoring both the geopolitical situation and its transmission to inflation expectations through energy costs. Overall, the sources present Dolenc’s view as conditional: a lack of escalation in the Middle East and stable energy market conditions would support maintaining existing interest rates, while deterioration could increase the case for policy action.
ECB official says rate hike timing depends on Middle East energy-market developments
European Central Bank Governing Council member Primoz Dolenc says the ECB may not need to raise interest rates at its next meeting if energy markets remain calm while geopolitical tensions in the Midd...
- ECB Governing Council member Primoz Dolenc says an urgency to hike depends on conditions in the Middle East.
- Dolenc links the need for rate changes to whether energy markets remain calm.
- If the Middle East situation does not escalate, Dolenc suggests the ECB could keep interest rates unchanged at its next meeting.
- Sources describe Dolenc’s comments as conditional rather than a commitment to hold rates.
The European Central Bank may be able to keep interest rates unchanged at its next meeting if the situation in the Middle East doesn’t escalate in the meantime, according to Governing Council member Primoz Dolenc.
4 hours agoThe European Central Bank may be able to keep interest rates unchanged at its next meeting if the situation in the Middle East doesn’t escalate in the meantime, according to Governing Council member Primoz Dolenc.
4 hours ago
China imposes 73.5% temporary anti-dumping duty on Canadian pea starch
China imposes a temporary anti-dumping duty on Canadian pea starch, according to Canadian news reports. The duty is set...
SpaceX targets about $1.8 trillion valuation and $135 IPO price as pricing nears
SpaceX is preparing for its initial public offering with a target valuation that has been revised downward from earlier...
Immunome files Form 144 covering shares as of June 30
Immunome reports a Form 144 filing for shares covering the period ending June 30, according to Investing.com. Form 144 i...