Eurostat reported that Eurozone inflation rose to 2.5 percent in March after the conflict in Iran triggered an energy price shock.Christine Lagarde is monitoring the closure of the Strait of Hormuz which drove energy prices up by 4.9 percent during the month.The ECB faces increased pressure to raise interest rates as natural gas costs have grown by 80 percent since the start of the year.The
IMF warned that a prolonged war could reduce global economic growth and lead to sustained price increases across the continent.