# ECB's Cipollone sees stagflation risk from Hormuz crisis as remote

https://mins.news/en/item/30444

- Reuters, 2026-08-24 10:50 UTC
- Economy
- Original: https://www.reuters.com/business/finance/ecbs-cipollone-sees-stagflation-risk-hormuz-crisis-remote-2026-08-24/?link_source=ta_bluesky_link&taid=6a8c21e70602a6000171c328

> European Central Bank policymaker Piero Cipollone said the Strait of Hormuz crisis is unlikely to cause economic stagnation alongside a sharp rise in inflation, describing that risk as rather remote in an interview published Monday by Italian website ilsussidiario.net.

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