Lagarde: European inflation to persist due to US war against Iran

Pars Today- The president of the European Central Bank has warned that inflation in the eurozone will remain high for longer than previously forecast due to the US war against Iran.

According to Pars Today, citing IRIB, European Central Bank President Christine Lagarde stressed that the continuation of the US war against Iran and reduced oil refining capacity, particularly in Russia, will keep energy prices under pressure and could even threaten economic growth.

The remarks came after the European Central Bank raised interest rates for the second time since the start of the war against Iran, bringing its deposit rate to 2.5 percent.