April 13 (Reuters) - Current energy prices are still closest to the ECB basic scenario and they should not influence inflation and growth, the European Central Bank's vice president Boris Vujcic said
ECB's Vujcic says energy prices are still closest to ECB basic scenario
Current Energy Prices and ECB's Economic Outlook
(Corrects first paragraph to show that Vujcic is ECB's incoming vice president)
ECB's Incoming Vice President Comments on Energy Prices
April 13 (Reuters) - Current energy prices are still closest to the ECB basic scenario and they should not influence inflation and growth, the European Central Bank's incoming vice president Boris Vujcic said on Monday, N1 regional television reported.
Europe's Energy System Resilience
Vujcic said the Europe's energy system is now more resistant to energy shocks caused by the clashes in the Middle East than it was in 2022, when Russia invaded Ukraine, thanks to the diversification of supplies.
Assessment of Current Scenarios
"We are not in an unfavorable and even less so in a very unfavorable scenario, either with regards to oil or with regards to gas," Vujcic told a financial forum in Croatia. "And that is good news."
Potential Risks from Geopolitical Tensions
Vujcic said that the energy shock is still of weak intensity due to the two-week ceasefire in the U.S.- Iran war but that the market may be hit if the war escalates again.
Reporting Credits
(Reporting by Daria Sito-Sucic; Editing by Toby Chopra)
