---
title: "Bundesbank's Nagel warns of persistent eurozone inflation"
url: https://radiomoldova.md/p/78738/bundesbank-s-nagel-warns-of-persistent-eurozone-inflation
published: 2026-06-15T18:03:57Z
language: en
author: "Redacția  TRM"
section: "International"
source: radiomoldova.md
---

# Bundesbank's Nagel warns of persistent eurozone inflation

> European Central Bank President Christine Lagarde welcomed the preliminary US-Iran agreement, citing potential for the reopening of the Strait of Hormuz. She emphasized that while the diplomatic progress is a positive signal, significant issues regarding uranium enrichment remain unresolved.

![](https://storage.radiomoldova.md/images/60f554ec-4abd-4306-a190-f26a1694691d.jpg)

European Central Bank President Christine Lagarde welcomed the preliminary US-Iran agreement, citing potential for the reopening of the Strait of Hormuz. She emphasized that while the diplomatic progress is a positive signal, significant issues regarding uranium enrichment remain unresolved.

**Bundesbank cautions on inflation outlook**

Joachim Nagel, president of the Bundesbank, tempered market enthusiasm regarding the deal's impact on inflation. Nagel stated that the eurozone faces a delayed effect, as restoring oil supplies to pre-conflict levels will require several months.

Market participants currently anticipate a long-term resolution, driving oil prices down by approximately 5%. However, with eurozone annual inflation reaching 3.2% in May—surpassing the ECB’s 2% target—Nagel reaffirmed that all monetary policy options remain on the table for the July 22-23 Governing Council meeting.

The parties involved are scheduled to sign a memorandum of understanding in Geneva on June 19, a move that could normalize shipping routes through the Strait of Hormuz.

Translation by **Iurie Tataru**