
Eurozone Inflation Rises to 3.3%, Raising Rate Hike Expectations
Inflation in the euro area climbed to 3.3 percent, surpassing the European Central Bank’s target and fueling expectations of additional interest rate increases. Policymakers face mounting pressure to curb price growth ahead of their upcoming monetary policy meeting.
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Euro zone inflation is back above 3%. Higher interest rates are likely to follow
The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.
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