ECB President Lagarde said the June rate increase was the correct decision, noting most Governing Council members were ready to act in April but postponed until June due to insufficient information. She said external supply shocks are still transmitting into broader parts of the economy, though second-round inflation effects have not yet emerged. Lagarde added the recent US‑Iran peace deal has pushed oil prices down and eased inflationary pressure, but indirect price effects continue to spread a

ECB President Lagarde said the June rate increase was the correct decision, noting most Governing Council members were ready to act in April but postponed until June due to insufficient information. She said external supply shocks are still transmitting into broader parts of the economy, though second-round inflation effects have not yet emerged. Lagarde added the recent US‑Iran peace deal has pushed oil prices down and eased inflationary pressure, but indirect price effects continue to spread and the ECB will keep inflation risks under close watch.