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Traders price in September rate hike as ECB flags sticky inflation
CNBC World reports ECB President Christine Lagarde said inflation is expected to stay well above the central bank's target until the first half of 2027.
CNBC World reports that traders are increasingly looking to a September rate hike as the European Central Bank considers the risk of an energy driven price spike.
The outlet points to ECB President Christine Lagarde, who said the bank expects inflation to remain well above target until the first half of 2027.
The remarks reinforce how long markets expect European inflation to stay elevated, shaping expectations for the ECB policy path.