Eurozone inflation back above 3% as energy costs bite, ECB eyed for rate move
TL;DR Summary
Eurozone headline inflation rose to 3.3% in August, driven by energy-price pressures linked to the Iran conflict, while core inflation cooled to 2.4%; markets price in a 25 basis-point ECB rate increase in September, though policymakers must weigh higher borrowing costs against pain for indebted households and SMEs.
- Euro zone inflation is back above 3%. Higher interest rates are likely to follow cnbc.com
- Iran war could keep inflation high, ECB policymaker Rehn warns, FT reports Reuters
- Eurozone Inflation Picks Up, Adding Fuel to Bond Selloff WSJ
- ‘Conflict of attrition’ in Iran could keep inflation high, ECB policymaker warns Financial Times
- Eurozone inflation jumps to 3.3% in August as energy prices surge Euronews.com
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