ECBs Legarde is speaking and says:

  • climbing energy costs will push up input prices.

  • Price increases may then be passed to consumer.

  • We should be well-placed to react, when needed

Current rates:The ECB at their last meeting last week held rates unchanged, with the main refinancing rate at 2.15% and the deposit facility at 2.0%, as policymakers adopted a cautious stance to assess the impact of the Iran/Middle East war on inflation and growth

Key driver of uncertainty:The war in the

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