European Central Bank policymaker Yiannis Stournaras said on Monday that if euro zone inflation overshoots the ECB target temporarily but significantly, there should be a cautious adjustment of monetary policy in a more restrictive direction. Stournaras noted that the closure of the Strait of Hormuz amid the ongoing war in Iran has led to a spike in oil and natural gas prices, with a possible secondary effect on wages and prices of goods and services . "In the event of a significant but

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