ECB to Proceed with June Rate Hike Despite Iran Peace Talks Progress, Citing Inflation Risks

Published: May 29, 2026 11:47

Save

ECB Executive Board member Schnabel said that even if progress is made in Iran peace talks, the ECB should still implement a rate hike in June. The reason is that the US-Iran conflict has lasted far longer than initial expectations, and the currently elevated energy prices are gradually spreading to broader areas of the economy. In addition, ECB Chief Economist Lane revealed that inflation forecasts may be raised in June.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Molten Aluminum Proportion Rises Beyond Expectations in May, to Edge Up Slightly in June

2 hours ago

Aluminum Liquid Aluminum Proportion Increased More Than Expectations in May, Expected to Edge Up in June [SMM Analysis]

2 hours ago

Aluminum Billet Processing Fees Broke Through in May, Supply-Side Disruptions Not to Be Ignored [SMM Analysis]

Since late April, aluminum billet processing fees in China's three major consumption regions staged a strong rebound, with South China taking the lead. Processing fees of φ120 aluminum billets (Guangdong) hit a Q2 low of -40 yuan/mt on April 16, then surged rapidly, approaching the 500 yuan/mt mark by month-end in May, and reaching a new yearly high of 490 yuan/mt on May 28. SMM believed there were three main reasons...

2 hours ago