ECB’s Lane says ‘too early to tell’ impact of Iran war

It's still unclear how big a blow the Iran war will inflict on the euro-area economy, according to European Central Bank Chief Economist Philip Lane. "No one really knows how long the situation will last and by the time of next week, I doubt we're gonna have clarity on that," Lane said, referencing the ECB's April 29-30 monetary policy meeting. "Until we know more how long this war is going to last, it is really hard to know whether this is going to prove to be a temporary phase or a much...