FRANKFURT, April 7 (Xinhua) -- The Russia-Ukraine conflict added to the uncertainties amid which the European Central Bank (ECB) chose to adopt a prudent stance in formulating its agenda for rate hikes, according to minutes released by the central bank on Thursday.
Commodity prices have surged and energy prices in the euro area have hit record highs since the eruption of the Russia-Ukraine conflict. "The resulting energy price rise had contributed to a substantial reappraisal by markets of the euro area inflation outlook," the ECB said.
