ECB member: Middle East conflict could affect policy

The conflict in the Middle East has shifted the balance from a continued tightening monetary policy. This is what central bank governor Yannis Stournaras, who is also a member of the ECB Council, says in an interview with the Financial Times. – If inflation approaches 3 percent in the middle of next year, then maybe it is time to start thinking about an interest rate cut, he says.

He believes that the Pandemic Emergency Purchase Program, PEPP, will be discussed at next week’s meeting of the ECB, a meeting that will take place in the Greek capital, Athens.

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