ECB Caution Over Iran War, De Guindos

ECB Vice‑President Luis de Guindos warned the central bank to be cautious on interest‑rate decisions due to uncertainty from the war in Iran.
Policymakers, including President Christine Lagarde, indicated insufficient evidence to raise rates despite energy‑driven inflation pressures ahead of the ECB meeting next week.
De Guindos highlighted three financial‑stability risks: high market valuations, loose fiscal policy in some euro‑zone countries, and private‑credit stress.
He will present his final Financial Stability Review on May 27 before leaving the ECB board at the end of May.