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ECB's Sleijpen Says Euro Zone Stable Despite Mideast War, No Policy Rush

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Dutch central bank chief Olaf Sleijpen stated the European Central Bank (ECB) remains in a 'good place' regarding monetary policy, even as the Mideast war unfolds. Speaking to Reuters, Sleijpen acknowledged the conflict represents a significant change but argued it's too early to assess its long-term economic or policy impacts. 'Obviously, things have changed,' he noted, but emphasized the situation is still too new to draw firm conclusions about inflation or growth trajectories. Financial markets have reacted as expected, and the ECB maintains its data-dependent approach, closely monitoring how the conflict evolves and its transmission to inflation, growth, and financial conditions.