ECB’s Makhlouf Sees Lingering Price Pressures Despite Iran Deal

Gabriel Makhlouf, a member of the European Central Bank's Governing Council, believes that even with a US-Iran peace deal, euro-area inflation will continue to face challenges. He emphasized that the resolution of geopolitical tensions won't immediately ease the underlying price pressures. This stance highlights ongoing concerns about supply chain disruptions and other factors influencing inflation, underscoring the ECB's cautious approach in managing economic stability. Makhlouf's perspective suggests that economic recovery will be a gradual process, influenced by multiple, complex factors.