✉news BusinessBanking first seen 23 h ago, last 3 h ago, peak #1
Euro zone inflation jumps, pressure builds on ECB to hike
Original: Inflation jumps across euro zone, raising pressure on ECB to hike
Inflation accelerated across the euro zone, according to Reuters, adding pressure on the European Central Bank to raise interest rates at its next meeting. The pickup, which affected the whole currency bloc rather than isolated countries, strengthens the case for policymakers to tighten monetary policy despite concerns about growth. Markets and analysts will be watching for signals on the timing and size of any rate increase.
Why now: Fresh euro-wide inflation data directly affects expectations for the ECB's next interest rate decision.
European Central Bankeuro zoneReuters
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