ECB’s Makhlouf: Far too early to tell consequences of Middle East situation

  • We are watching the developments very closely
  • They are bound to have economic implications for us to some extent
  • Don’t want to jump to conclusions on extent of impact on economies, monetary policy

He’s not wrong but at the same time, the ECB is merely just trying to buy itself as much time as possible as they pause on policy steps.

This article was written by Justin Low at Source