European Central Bank May Raise Rates in September
The European Central Bank decided to hold the main interest rate steady at 2.25% in July, with expectations of a hike in September due to inflationary risks related to escalating hostilities in the Middle East and rising oil prices. Bank President Christine Lagarde confirmed that inflation remains above the 2% target and is expected to stay that way until the first half of 2027. She warned that energy supply disruptions could lead to continued increases in energy prices and indirect impacts on inflation. The market anticipates a 0.25% rate hike in September if inflationary pressures persist, while ongoing global events that influence monetary policy continue to be closely monitored.
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