Investing.com – The European Central Bank (ECB) is still uncertain whether the economic shock of the Iran conflict in the Eurozone will be temporary or more significant. ECB Chief Economist Philip Lane made this statement on a Friday briefing. He emphasized that a proper evaluation cannot be made until the conflict’s duration is clear.
ECB’s Uncertainty
Lane addressed a financial audience in Frankfurt. He indicated that the ECB requires more information regarding the length of the conflict. They can only assess the full impact of the conflict on the European economy under these conditions.
Impact on European Economy
The ECB economist did not provide further details about the potential extent of the impact. However, he acknowledged that the European economy could face significant consequences from the ongoing conflict.
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