Gas prices and inflation rise seen as supporting ECB September hike
Ebury’s Matthew Ryan says a continued climb in gas prices, alongside U.S.-Iran tensions and eurozone inflation rising to 3.3% in August, supports an ECB September rate hike.
The continued climb in gas prices amid escalating U.S.-Iran tensions and the increase in eurozone inflation to 3.3% in August cement a September rate hike from the European Central Bank, Ebury's Matthew Ryan says.
Even so, a passthrough from the energy spike to underlying inflation was still conspi…