According to Jin10 Data, European Central Bank Governing Council member Nagel signaled on Friday heightened vigilance over rising inflation risks due to the Iran conflict. The ECB is prepared to take action as needed to prevent energy cost increases from spreading more broadly to prices. Nagel emphasized that policymakers remain ready to respond, stating the management council is aware risks to price stability are increasing and will ensure energy-driven price pressures do not become entrenched.
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