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المشهد العربي
ECB warns inflation stays over 3%
The article pertains to the European Central Bank's warning that inflation rates in the Eurozone remain above the targeted level of 2%. It anticipates that inflation will stay above 3% throughout the year due to military tensions between the United States and Iran. The bank's chief economist explained that the current trajectory depends on how quickly the geopolitical crisis is resolved, which adds to economic uncertainty. He also noted that inflation reached 2.9% in July, with expectations of increased price pressures—particularly on food—in the coming year because of the "El Niño" phenomenon. Although the possibility of future interest rate hikes was not disclosed, the bank affirmed its commitment to taking necessary measures to contain inflation.
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