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The Nexus
BUSINESSJun 15 · 09:01 UTCAL-MONITOR

ECB's Lagarde welcomes Iran deal, Nagel cautions on lasting inflation

ECB President Christine Lagarde welcomed a U.S.-Iran ceasefire agreement to reopen the Strait of Hormuz, while policymaker Joachim Nagel warned it would not immediately ease euro zone inflation. The deal, which aims to restore energy shipments, caused oil prices to fall and reduced expectations of ECB rate hikes.

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Christine LagardepersonJoachim NagelpersonEuropean Central BankorganizationUnited StatesorganizationIranorganizationStrait of HormuzplaceInflationtopicoil pricestopic
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