Published by Global Banking & Finance Review®
Posted on April 6, 2026
1 min readLast updated: April 6, 2026
Add as preferred source on GoogleECB’s Yannis Stournaras says euro‑area monetary policy will hinge on the magnitude and persistence of the energy shock from the Iran conflict—with limited adjustment if temporary, but tighter policy likely if effects endure.
ATHENS, April 6 (Reuters) - 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.
(Reporting by Angeliki Koutantou; Editing by Andrew Cawthorne and Toby Chopra)
Yannis Stournaras, a European Central Bank policymaker and Governor of the Bank of Greece, made the statement.
If the energy price spike is temporary, the need for monetary policy adjustment will be limited.
If the pressure from rising energy prices is stronger and more persistent, a tighter monetary policy stance is expected.
The size and nature of the energy supply disruption as well as its impact on medium-term inflation expectations and wages.
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