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ECB’s Rehn: Middle East war raises inflation risks, medium-term impact remains uncertain
European Central Bank (ECB) Governing Council member Olli Rehn said that the damage inflicted on energy production infrastructure in the Middle East could have lasting consequences, even after the most intense phase of the conflict ends. According to him, efforts to repair and rebuild these facilities could continue long after the acute phase of the war.
In this context, Rehn said that an increase in headline inflation this year appears unavoidable [...]