Conflict in the Middle East is affecting global inflation, according to the ECB's chief economist, Philip Lane.
6 reports, 5 independent
Updated Oct 8
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What happened
Conflict in the Middle East is affecting global inflation, according to the ECB's chief economist, Philip Lane.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.ECB chief economist discusses how Middle East peace deals are influencing central bank policy and inflation outlook.1 source
- The Middle East war is affecting the economy of the Illawarra region, leading to increased costs and feelings of neglect.Sub-event
ECB chief economist Philip Lane noted that Middle East conflict is driving inflation.1 source
ECB notes conflict pressures Eurozone inflation.1 source
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The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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European Central Bank
central bank of the European Union and the eurozone
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- Escalating conflict in the Middle East is causing oil prices to rise, impacting global markets tracked from London and the New York Mercantile Exchange.
- ECB responds to inflation pressure and Trump comments on the economic impact of the Iran war.