ECB ‘Unwavering’ in Ensuring Price Stability, Guindos Says

The European Central Bank is “closely monitoring” the economic effects of the Iran war and is determined to achieve price stability, Vice President Luis de Guindos said.

“We are unwavering in our commitment to ensuring that inflation stabilizes at our 2% target in the medium term,” Guindos said Thursday in Tallinn, Estonia. “Our data-dependent and meeting-by-meeting approach allows us to respond in an agile manner to the evolving outlook.”