ECB flags non-linear inflation risks as energy shock clouds outlook

26th March, 2026

Zak Jakubowski

The European Central Bank (ECB) has warned that the latest energy shock linked to the conflict in Iran could have disproportionate effects on inflation, as policymakers assess the impact of rising geopolitical tensions on the euro area economy.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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