Global EconomyIMPORTANT
ECB President Lagarde (Q&A) says most recent Houthi threats are alarming, will have an impact, but has not been factored into the decision today
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The ECB kept rates at 2.25% despite Houthi-driven oil price surges. Lagarde warned of energy shocks, requesting September scenarios while maintaining a data-dependent stance amid heightened geopolitical uncertainty.
News detail
Adds that ECB is not oblivious to energy shocks that lasts, could possibly amplify, and could have repercussions Has asked staff to prepare various oil and gas price scenarios for the September meeting
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