ECB Expected to Hike Rates on Energy Inflation
The European Central Bank is widely expected to raise interest rates this week as surging energy costs push inflation back above three percent. While policymakers remain cautious amid ongoing market uncertainties, economists predict a quarter-point rate increase.
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The European Central Bank is widely expected to lift interest rates by 25 basis points on Thursday following renewed energy price pressures. Traders have fully priced in the move to 2.5% as euro zone inflation rose back above 3% in August. The decision comes as the conflict involving the United States and Iran keeps Brent Crude Oil and Natural Gas elevated.
