Lagarde Warns Eurozone Inflation Will Persist Due to US War with Iran

European Central Bank President Christine Lagarde has warned that inflation in the eurozone will persist due to the ongoing US war against Iran. According to a recent statement, Lagarde cited the continued conflict and reduced oil refining capacity, particularly in Russia, as key factors keeping energy prices under pressure.

The remarks came after the European Central Bank raised interest rates for the second time since the start of the war against Iran, bringing its deposit rate to 2.5 percent.