ECB's Radev: Second-round inflation effects from Mid-East war starting

ECB left interest rates unchanged; Bulgarian National Bank Governor and ECB Governing Council member Dimitar Radev said further rate hikes remain possible depending on geopolitical developments and economic data. Radev also reiterated Bulgaria's continued path toward adopting the euro and highlighted the implications for domestic monetary policy and banking oversight amid ongoing uncertainty.

Analysis

ECB left interest rates unchanged; Bulgarian National Bank Governor and ECB Governing Council member Dimitar Radev said further rate hikes remain possible depending on geopolitical developments and economic data. Radev also reiterated Bulgaria's continued path toward adopting the euro and highlighted the implications for domestic monetary policy and banking oversight amid ongoing uncertainty.