ECB research says Iran war-era energy inflation justifies June rate hike
New ECB research says euro-zone inflation has spiked since the war in Iran began, driven almost entirely by higher energy prices, justifying a small interest-rate increase in June.
The spike in euro zone inflation since the start of the war in Iran has almost entirely been driven by higher energy prices, justifying the European Central Bank's small increase in interest rates in June, new ECB research showed on Tuesday.The ECB raised rates for the first time in nearly three ye…