ECB Governing Council Villeroy: The Israeli-Palestinian conflict does not prevent the achievement of the inflation target
六月清晨搅
发表于 2023-10-10 20:26:17
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International oil prices retreated on Tuesday after rising more than 4 per cent in the previous session, with traders cautious and keeping an eye on possible supply disruptions caused by the military conflict between Israel and the Palestinian Islamist group Hamas. Some fear this latest war could have the same effect on oil prices as the Yom Kippur war in 1973. In 1973, a coalition of Arab states led by Egypt and Syria launched an attack on Israel that plunged the West into a severe energy crisis.
Villeroy said, "I don't think we're in a similar situation today (to the Yom Kippur War), but we certainly have to be on high alert." It adds to economic uncertainty."
He also said the benchmark interest rate, which reached a record 4 percent last month after the ECB raised rates 10 times in a row, was at a "good level," adding that now was not the right time to raise rates further.
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