MEPs ask the ECB to assess the impact of global conflicts on price stability
Press release – 11.02.2025
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has adopted a resolution calling on the European Central Bank (ECB) to assess the impact of global conflicts on price stability.
The resolution, which was adopted by a large majority, calls on the ECB to consider the following factors in its assessment:
- The impact of global conflicts on supply chains and commodity prices
- The risk of a global recession
- The impact of global conflicts on the euro exchange rate
- The implications for monetary policy
The resolution also calls on the ECB to work with other international organisations, such as the International Monetary Fund (IMF) and the World Bank, to assess the impact of global conflicts on the global economy.
In a statement, ECON Chair Irene Tinagli said: “Global conflicts are a major source of uncertainty for the European economy. The ECB must assess the impact of these conflicts on price stability and take appropriate action to ensure that inflation remains within its target range.”
The ECB is due to publish its next monetary policy decision on 16 March 2023.
Press release – MEPs ask the ECB to assess the impact of global conflicts on price stability
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