Euro zone inflation tops 3% in August, ECB hike bets firm
Euro zone inflation rose back above 3% in August on higher energy costs, strengthening expectations for another European Central Bank interest rate hike this month.
By Balazs KoranyiEuro zone inflation rose back above 3% in August on higher energy costs, cementing an already solid case for another European Central Bank interest rate hike this month as the Iran war keeps putting upward pressure on prices.Inflation in the 21 nations sharing the euro accelerated…