ECB Schnabel: Some damage from Iran War will be hard to reverse

ECBs Schanabel is speaking and says:

My view is that some damage done from Iran war will be hard to reverse
There seems to be a disconnect between the stock market and the global situation.

Earlier, Schnabel said:

Signs of supply chain disruptions are reemerging.
Rapidly growing shares of European manufacturing firms are planning to increase prices.
Household inflation expectations are adapting rapidly.
If energy price shock broadens, monetary policy will need to tighten.
Prices shocks are likely to feed through the economy faster than in 2021
Risks have increased in recent weeks

Comments suggest that a tightening by the ECB is in the cards going forward

This article was written by Greg Michalowski at investinglive.com.