ECB set for September 25bp rate hike to 2.50%
Reuters reports ECB policymakers are prepared to raise rates by 25 basis points to 2.50% in September, as the Iran war keeps energy prices and inflation elevated with euro-zone inflation near 3%. Multiple posts corroborate that the ECB is preparing a September rate hike, with Christophe Barraud citing Isabel Schnabel's warning that inflation may stay above 2% for longer.
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ECB SET FOR SEPTEMBER RATE HIKE ECB policymakers are prepared to raise rates by 25 basis points to 2.50% in September, Reuters reports, as the Iran war keeps energy prices and inflation elevated. Euro-zone inflation is near 3%, while economic activity remains resilient.
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Christophe Barraud says the ECB should keep raising rates to tackle persistent inflation risks. He cited Isabel Schnabel’s warning that euro-area inflation may stay above 2% for longer, requiring early action as growth strengthens.