ECB Expected to Raise Rates Amid Energy Inflation
The European Central Bank is widely expected to deliver an insurance rate hike this week as high energy costs drive euro zone inflation above three percent. Analysts anticipate officials will keep further tightening limited while monitoring economic growth and persistent market uncertainties.
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The European Central Bank is widely expected to hike interest rates by 25 basis points on Thursday morning, erring on the side of caution. United States conflict with Iran has kept oil prices high and pushed inflation up again. Markets have fully priced in the quarter-point move to 2.5% as euro zone inflation rose back above 3% in August.
