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The ECB plays Forbidden Words: ECB preview
The war in Iran creates a new stagflationary shock, and the duration of the conflict dictates the severity. The policy outlook is now inextricably tied to the situation in the Middle East, making for a very bifurcated outlook. The current energy shock probably does not warrant rate hikes, but the ECB will signal readiness to act if the situation deteriorates. Risks are now firmly skewed to earlier hikes than we have pencilled in. A lot can happen in the week until the ECB sets rates, but any move in March still seems very unlikely. Policymakers will not rush into action, but they will keep a close eye on inflation ... (full story)
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From @realDonaldTrump|Mar 12, 2026|192 comments
We are totally destroying the terrorist regime of Iran, militarily, economically, and otherwise, yet, if you read the Failing New York Times, you would incorrectly think that we are not winning. Iran’s Navy is gone, their Air Force is no longer, missiles, drones and everything else are being decimated, and their leaders have been wiped from the face of the earth. We have unparalleled firepower, unlimited ammunition, and plenty of time - Watch what happens to these deranged scumbags today. They’ve been killing innocent people all over the world for 47 years, and now I, as the 47th President of the United States of America, am killing them. What a great honor it is to do so! Thank you for your attention to this matter. President DONALD J. TRUMP
