ECB Official Warns Eurozone Inflation Fight 'Back to Square One' Amid Middle East Conflict

Yannis Stournaras, a member of the European Central Bank (ECB) Governing Council and Governor of the Bank of Greece, stated that the eurozone's battle against inflation has returned to its starting point due to renewed hostilities between the U.S. and Iran, which have pushed energy prices higher. This development has reignited market expectations for further monetary policy tightening by the ECB.