ECB's Makhlouf: Far too early to tell consequences of Middle East situation

<ul><li>We are watching the developments very closely</li><li>They are bound to have economic implications for us to some extent</li><li>Don't want to jump to conclusions on extent of impact on economies, monetary policy</li></ul><p>He's not wrong but at the same time, the ECB is merely just trying to buy itself as much time as possible as they pause on policy steps.</p>

This article was written by Justin Low at www.forexlive.com.