A post by @FirstSquawk on X.

European Central Bank governing council member Ante Zigman said the ECB may raise borrowing costs next month, a move that would mark its third rate increase since the start of the Iran war. The signal points to continued monetary tightening in the euro area even as the conflict drives up energy costs and inflation pressures. Investors will watch the ECB's next policy meeting for confirmation of the hike and any guidance on the pace of further increases.