ECB rate hike looms as energy shock pushes inflation to 3.3%

With eurozone inflation at 3.3% and energy costs surging, markets are pricing in another ECB rate rise on 10 September. ECB economists say this energy-driven episode looks nothing like the demand-fuelled surge of 2021-22.

German inflation accelerated again in August as the Iran war stoked energy costs, official data showed Monday, fuelling expectations the European Central Bank would raise interest rates next month.

German Inflation Rises But Few Signs of Energy-Shock Spillover  WSJ