ECB’s Guindos Says Status of Hormuz Will Be Key for June Meeting

The most important determinant for the European Central Bank’s June policy meeting will be whether energy flows from the Middle East have resumed, according to outgoing Vice President Luis de Guindos.

“The key factor will be the evolution of the conflict — whether Hormuz is reopened or not,” the Spanish official, who’ll leave before the ECB’s June 11 decision on interest rates, said Friday in Madrid. “The level of uncertainty is brutal.”