Central Banks
ECB Is Watching Oil for Inflation Risks, Lagarde Tells Ministers
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The European Central Bank is watching the oil price for any inflationary impact from the Israel-Hamas conflict, President Christine Lagarde told euro-area finance ministers, according to people familiar with the matter.
Lagarde spoke at a closed-door meeting of the bloc’s officials on Monday in Luxembourg, said the people, speaking on condition of anonymity. An ECB spokesman declined to comment.