ECB Governing Council member Kazaks said that despite a geopolitical easing
After a US-Iran deal, euro-area inf risks remain tilted to the upside. He said
the key question is no longer just energy prices but whether the energy shock
has transmitted into the wider economy via higher inf expectations. Kazaks said
the ECB can act gradually, signaling openness to pause and monitor energy
prices and economic data over the summer, but that the bank is prepared to take
action again if necessary.
