[ECB Governing Council Member: Even if the U.S. and Iran Reach a Peace Agreement, It Won't Weaken the Case for Rate Hikes] June 3, Jin10 News – According to the Financial Times, ECB Governing Council member Wunsch stated that a peace agreement between the U.S. and Iran reached before next week's ECB meeting would not weaken the rationale for raising interest rates. Wunsch said: 'If a peace agreement is indeed reached on the eve of the meeting, it will become part of the discussion. But we cannot know whether it will be lasting or credible.' He hinted at supporting a 25 basis point rate hike by the ECB. He believes that if the conflict remains unresolved, discussions among policymakers before setting rates on June 11 will be 'fairly straightforward.' If the U.S. and Iran reach a peace agreement, the discussions 'might be slightly less straightforward. But the rationale for a rate hike may still exist, just not as strong.' He stated: 'At some point, we cannot let the market bear everything. We need to take a stand.'