ECB warns of inflation as Iran war wages on

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FRANKFURT — Europeans will feel the pain of the war on Iran in their wallets this year, even if things don’t get any worse from here on, the European Central Bank warned on Thursday. The ECB’s new forecasts show that inflation is set to rise to 2.6 percent this year—well above the 1.9 percent forecast as recently as December, while growth will slow as businesses and households have to divert more of their spending power to essentials such as energy. “The war in the Middle East has made the

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ECB warns of inflation as Iran war wages on https://www.politico.eu - 19.03.2026 02:39

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ECB warns of inflation as Iran war wages on https://www.politico.eu - 19.03.2026 02:39