ECB’s Nagel: Central bank will react if Iran war pushes up inflation

FXStreetMar 11, 2026 7:38 AM

View all comments（0）



European Central Bank (ECB) Governing Council member and Germany's Bundesbank chief Joachim Nagel told Reuters on Wednesday that the central bank will be ready to act if surging energy costs due to the Iran war feed into durably higher Eurozone inflation.

Key quotes

We must be very vigilant.

If it becomes apparent that the current energy price increases will translate into broad consumer price inflation in the medium term, the Governing Council of the ECB will act decisively in a timely manner.

The discussions about falling short of our inflation target are likely to be over for the time being.

At this point in time, however, it is still too early to reliably assess the medium- to long-term consequences given the volatile situation.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

US Tech Stocks Rally Strongly With Nasdaq Composite Index Set to Snap Three-Day Losing Streak as Midterm Elections Conclude and Short Covering Expectations Rise

In early U.S. trading on November 3, Eastern Time, tech stocks rebounded strongly, with the Nasdaq Composite Index poised to end a three-session losing streak. As the U.S. midterm elections took place on the same day, investors focused on which party would gain control of Congress and whether institutional capital would re-increase equity allocations once election uncertainty recedes.

【US Pre-Market】Futures Mixed as Apple Falls Over 4%, Palantir Drops Over 6% Ahead of AMD Earnings

TradingKey - On November 3, Eastern Time, futures tied to the three major U.S. stock indexes traded mixed. As of press time, Dow futures fell 0.79%, S&P 500 futures dropped 0.14%, and Nasdaq 100 futures rose 0.27%.

AMD Stock Rises Over 2% Pre-Market Ahead of Earnings With Helios Ramp-Up and PC Demand Guidance in Focus

TradingKey - On November 3, AMD (AMD) rose over 2% in pre-market trading, with its stock price rebounding to near $478. The company will report its third-quarter 2026 financial results after the U.S. market close on Tuesday and host an earnings conference call at 5:00 p.m. ET.

Today’s Market Recap: Oil Slumps 8%, Apple and PLTR Earnings Beat Expectations, Marvell Tumbles Over 12%

TradingKey - On November 2, Eastern Time, early gains in US stocks failed to hold as weakness in AI and technology stocks dragged down the S&P 500 and the Nasdaq. A sharp drop in oil prices eased energy cost pressures, lifting fuel-sensitive sectors such as airlines and cruise lines, but failed to o

Nasdaq Falls 1.07%, SOX Drops Over 3%; AI-Related Stocks Extend Losses, Marvell Falls Over 12%, Oracle Drops Over 8%

On Monday, November 2, Eastern Time, US stocks posted a mixed performance. The Nasdaq and the S&P 500 gave up early gains to turn lower, while the Dow bucked the trend and advanced. Investors continued to rotate out of tech stocks into other sectors of the market, with attention focused on big tech companies' AI financing plans and M&A transactions. At the close, the Dow Jones Industrial Average rose 0.41% to 51,983.98; the Nasdaq Composite Index fell 1.07% to 25,164.32; and the S&P 500 Index slipped 0.51% to 7,541.40.

Featured Tools