Escrivá Says ECB Must Be Vigilant on Oil Price Impact on Wages

European Union flags outside the European Central Bank (ECB) headquarters ahead of a rates decision news conference in Frankfurt, Germany, on Thursday, June 11, 2026. The European Central Bank is set to raise interest rates for the first time since 2023, judging it can no longer ignore the upswing in inflation caused by the Iran war. Photographer: Alex Kraus/Bloomberg