ECB’s Stournaras says euro zone monetary policy will depend on size of energy disruption

European Central Bank policymaker Yannis Stournaras ​said on Monday that ‌the appropriate euro zone monetary policy will depend on the size and ​nature of energy supply ​disruption from the Iran conflict.

If ⁠the energy price spike proves ​to be temporary, the ​need for a monetary policy adjustment will be limited, ECB Governing Council ​member Stournaras, who is ​also governor of the Bank of ‌Greece, ⁠told an annual shareholders meeting of the Greek central bank in Athens.

He added that ​a ​tighter ⁠monetary policy stance would be expected if the ​pressure from rising ​energy ⁠prices prove to be stronger and more persistent, affecting medium-term ⁠inflation ​expectations and ​wage developments.

Via Reuters