ECB faces agonizing trade-off if Iran war persists
Inflatie
FRANKFURT — An extended war in the Middle East will force the European Central Bank to choose between protecting growth and combating inflation, policymakers warned on Thursday. Since Israel and the United States started bombing Iran last weekend, crude oil prices have risen by more than 10 percent and natural gas prices by some 60 percent, in a painful echo of what happened four years ago when Russia invaded Ukraine. Rising energy prices threaten to drain household finances and raise costs for
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