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Euro zone inflation rises above 3%, ECB rate hike seen in September
The inflation rebound is linked to higher energy costs tied to the Iran war, strengthening expectations that the ECB will move at its next meeting.
Euro zone inflation has climbed back above 3%, raising expectations for additional interest rate tightening from the European Central Bank, according to CNBC World and CNBC Economy.
Both outlets point to the Iran war as a key driver behind higher energy costs in the region, which they say could keep inflation pressures elevated.
With the next ECB decision scheduled for September, the coverage indicates that the ECB is more likely to hike rates as the inflation figure remains above that 3% threshold.
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