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EU COMMISSIONER DOMBROVSKIS: CLEAR THAT ECB WILL HAVE TO RESPOND TO THE INCREASE IN INFLATION

2026-05-22

EU COMMISSIONER DOMBROVSKIS: CLEAR THAT ECB WILL HAVE TO RESPOND TO THE INCREASE IN INFLATION

Other News
2026-05-22

A closure of the Strait of Hormuz through August could trigger an economic downturn approaching the scale of 2008, according to Rapidan Energy Group. The The firm’s base case assumes reopening in July, with oil demand down 2.6 million barrels a day a

A closure of the Strait of Hormuz through August could trigger an economic downturn approaching the scale of 2008, according to Rapidan Energy Group. The The firm’s base case assumes reopening in July, with oil demand down 2.6 million barrels a day and Brent peaking near $130 this summer. A longer disruption could deepening supply deficits, potentially driving a rare global oil demand contraction in 2026. Rapidan said oil prices have nearly doubled since late February amid war-related disruptions, warning that further spikes could amplify macroeconomics vulnerabilities despite less oil-intensive economies and stronger monetary policy frameworks.
2026-05-22

ECB Governing Council member Demarco: The ECB may need to raise interest rates in June.

ECB Governing Council member Demarco: The ECB may need to raise interest rates in June.
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