✉news BusinessBanking first seen 10 h ago, last 9 h ago, peak #31
Spanish Inflation Unexpectedly Hits 5%, Backing Higher ECB Rates
Spain's inflation rate has unexpectedly climbed to 5%, according to a Bloomberg report, strengthening the case for the European Central Bank to keep raising interest rates. The figure adds to concerns that price pressures across the eurozone remain stubborn, putting the ECB under renewed pressure to tighten monetary policy despite risks to economic growth.
Why now: The surprise inflation print fuels expectations that the ECB will raise rates further.
Rank over time, top of the chart is #1. 2 snapshots from 10 h ago to 9 h ago.
Evidence
- Spanish Inflation Unexpectedly Hits 5%, Backing Higher ECB Rates · bloomberg.com
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