ECB plans September rate hike
The European Central Bank is preparing to raise interest rates again in the September meeting to 2.50%, in an effort to curb inflation, which is approaching 3%, amid ongoing tensions related to the war with Iran. This follows the first rate hike in three years, implemented in June, as a move to prevent rising energy prices and inflation linked to increases in natural gas and gasoline costs. The outlook relies on the resilience of the Eurozone economy, along with employment data and surveys, to avoid a repeat of the inflation wave triggered by the Russian-Ukrainian crisis. Currently, there are no plans for further monetary tightening after September, according to sources.
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