By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf said on Monday that it is premature to respond to the recent rise in energy prices linked to the Iran conflict.

In an interview with Irish radio, Makhlouf, who heads the Central Bank of Ireland, said that it was “far, far too early to come to conclusions” about the unfolding situation.

Ongoing geopolitical tensions over the past year had created significant uncertainty for businesses, leaving many unsure whether to proceed with investment plans or postpone them, he said, adding that the ECB was “paying very close attention.”

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