The European Central Bank (ECB) kept rates unchanged, warning that tensions in the Middle East and risks in the oil market could stoke inflation. The baseline forecast is for 2.6% in 2026, but with energy shocks, inflation could rise to 3.5-4.4% depending on the duration of supply disruptions.
Lagarde: war with Iran raises inflation significantly
Eight opposition MPs have submitted to the legislature a draft law on reducing VAT and excise duties on fuel imported into the country. “This is not a “gift” from the state, but an act of saving the economy and citizens from the consequences of the fuel crisis,” the authors of the document said.
Opposition proposes “act of saving the economy” and lowering fuel prices
