European Central Bank official Rehn calls for a calm evaluation of the economic impact of the Iran conflict.

European Central Bank Governing Council member Olli Rehn has called for patience in assessing the knock-on effects of the Iran war. "It is important to stay calm when assessing the economic impact, not to make hasty judgments on monetary policy stance based solely on short-term market fluctuations," the Governor of the Bank of Finland said. "In terms of economic impact, the decisive factors are how long the Iran war lasts and how far the conflict in the Middle East spreads," he wrote in a column published on Wednesday. Although most European Central Bank officials have stated that it is still too early to judge how much impact the Middle East war will have on the European economy, some officials have suggested that if inflation, which has recently fallen to around 2%, rises again, action may be necessary.