✉news BusinessEconomy first seen 19 h ago, last 4 h ago, peak #4
Eurozone inflation hits 3.8%, pressuring ECB on rates
Original: Eurozone Inflation Hits 3.8%, Adding Pressure on the ECB to Raise Interest Rates Again
Eurozone inflation has risen to 3.8%, intensifying pressure on the European Central Bank to raise interest rates again. The figure keeps price growth well above the ECB's 2% target, and economists say another rate hike is increasingly likely as policymakers weigh continued inflation against slowing growth across the currency bloc.
Why now: Inflation running well above target raises expectations of another ECB rate hike, a concern for markets, borrowers and businesses.
Evidence
- Eurozone Inflation Hits 3.8%, Adding Pressure on the ECB to Raise Interest Rates Again · Morningstar
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