ECB Hike 'Just Enough For Now,' Says Slovenian Central Bank Governor

The European Central Bank (ECB) increased its key interest rates on Thursday, marking its first hike since September 2023 and its initial response to the conflict in Iran. Primož Dolenc, a member of the ECB Governing Council and Governor of the Bank of Slovenia, stated that this decision is "just enough for now." Dolenc shared these remarks with Bloomberg's Oliver Crook during an exclusive interview conducted shortly after the rate decision was announced. The ECB's move positions it as the first major central bank to adjust monetary policy in reaction to the geopolitical developments stemming from the war in Iran. This action signals a shift in the central bank's stance, moving away from a period of holding rates steady to address emerging inflationary pressures and economic uncertainties.