The Iran war drives inflation up to its highest level in over a year.
31 March 2026
Eurozone inflation jumped to its highest in over a year at 2.5% in March due to soaring fuel prices.
ECB officials are agonising over how to respond.
The dilemma facing the ECB is that while higher interest rates may be needed to curb inflation, they will also add to the economic problems created by higher energy costs.
ECB officials are agonising over how to respond.
The dilemma facing the ECB is that while higher interest rates may be needed to curb inflation, they will also add to the economic problems created by higher energy costs.