The European Central Bank appears to be preparing to raise interest rates on Thursday for the second time this year, seeking to deal with a wave of inflation driven by energy prices as a result of the Iran war.
Mutual attacks since late August ended a month of relative calm. Both the United States and Iran targeted military and oil assets. This led to oil and gas prices rising again and revived concerns about a wave of price hikes in the fuel-importing Eurozone.
Economists expect the European Central Bank to move to raise the main interest rate from 2.25% to 2.50% today, Thursday, while indicating its readiness to take additional measures if inflation expectations do not improve.
