ECB's Zigman: War Fallout on Inflation Will Take Time

European Central Bank Governing Council member Ante Zigman warned that the economic impact of the renewed fighting in the Middle East will take time to manifest. Speaking with Jutarnji List, Zigman emphasized that uncertainty remains and that the effects on inflation will be seen only in the coming months.

He highlighted the intensity and duration of the energy shock as crucial factors in determining the outcome. This means that any immediate effects may not be immediately apparent, requiring careful analysis of future data to fully understand the situation.