[Institutions: 'Old Wounds' Unhealed and New Pain Emerges, Iran War May Trigger Faster ECB Rate Hikes] Jin10 News, March 19 – Institutional analysis indicates that for many European Central Bank (ECB) officials, the Iran war is reminiscent of the energy-driven inflation surge following the 2022 Russia-Ukraine conflict. At that time, they misjudged it as 'temporary,' only to be forced into significant rate hikes later and heavily criticized for their delayed actions. HSBC economist Barbieri noted: 'Given the experience of the 2022 energy crisis and the lingering trauma for consumers, if energy pressures persist, it could prompt the ECB to raise rates more quickly.' ECB hawkish member Schnabel also warned that the previous event left 'scars' on households and businesses. However, she pointed out a key difference: current monetary and fiscal policies are no longer loose, which helps to curb inflationary pressures.