Lagarde Says ECB Torn Between Risk of Acting Too Early, Too Late

The European Central Bank is carefully weighing its response to the Iran war and the impact on inflation to ensure it acts neither prematurely nor too late, President Christine Lagarde told Spain’s RTVE.

Policymakers face “massive uncertainty” and need “a lot more data” to understand the repercussions of the conflict, Lagarde said in an interview broadcast on Saturday. She declined to be drawn on whether the ECB will raise interest rates next month, as many expect.