ECB Chief: Rising Energy Prices May Curb Eurozone Demand, Reducing Rate Pressure

📉 ECB — Higher energy costs may do the ECB's rate job for it. 📌 LOOK CLOSER: Lane's logic: $100+ oil kills demand before the ECB needs to hike. But demand destruction isn't disinflation victory — it's recession signal. If the ECB pauses citing energy headwinds, it surrenders credibility while households absorb a war-driven shock. For Rome and Madrid, rate relief sounds good — until growth contracts and debt costs bite anyway.