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.
Ebury's Matthew Ryan said the continued climb in gas prices amid escalating U.S.-Iran tensions, along with eurozone inflation rising to 3.3% in August, cemented expectations for a September rate hike from the European Central Bank. He said passthrough from the energy spike to underlying inflation was still conspi…