New data shows that the September interest rate hike in the euro zone is becoming increasingly likely.
In July, inflation in the Eurozone rose to 2.9%, which increases the likelihood of the European Central Bank’s September interest rate hike, while high oil prices are projected to further widen inflationary pressures.
In July, inflation in the Eurozone rose to 2.9%, which increases the likelihood of the European Central Bank (ECB) raising interest rates in September, while high oil prices are projected to further widen inflationary pressures.
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