ECB set for September rate hike to curb inflation
European Central Bank policymakers are ready to raise interest rates to 2.50 percent in September to contain energy price pressures from the Iran war. Sources report little appetite to signal further tightening as long-term inflation expectations remain anchored.
Xurve View
Insights:
Xurve View
European Central Bank policymakers will raise interest rates to 2.50% in September, responding to energy shocks from the Iran war. The move lifts borrowing costs from 2.25% following inflation running near 3%. ECB officials want to prevent a repeat of past price spikes without signaling further monetary tightening ahead.
