The European Central Bank (ECB) intensifies pressure against inflation and carries out its tenth increase in interest rates, up to 4.5%. Investors have waited for this event with great expectation, given the uncertainty surrounding it. Faced with the dilemma of continuing to tackle the rise in inflation with more rate increases or preventing the economy from stagnating, the Frankfurt-based organization has opted for the former.
ECB Rates – Infogram
The eurozone CPI closed August at 5.3%, the same rate as in July. The problem is in the underlying rate, which excludes energy and unprocessed foods, which, although it moderated two tenths to 5.3%, remains high.
