[ECB Governing Council Member Makhlouf: No Signs of Second-Round Inflation Effects Yet] Jin10 Data, May 27 – ECB Governing Council Member Makhlouf stated on Wednesday that he has not yet seen any evidence indicating that the energy price increases triggered by the Iran war have led to second-round inflation effects. However, this does not mean such effects do not exist. 'We have seen some indirect impacts... I have not yet observed the emergence of second-round effects, but that does not mean they do not exist, and I will also review relevant information at the next meeting,' Makhlouf said. When asked whether the Governing Council might raise interest rates at the early June meeting, he noted that their decision would depend on new economic forecasts, his own analysis of economic data, and the opinions of his colleagues.