The 18.8% Problem: How an Energy Shock Is Rewriting Europe’s Rate Path
Euro area | Inflation, energy and the ECB Euro area inflation jumped to 3.8% in September, the highest since 2023, and energy prices alone rose 18.8%. The European Central Bank has already raised rates twice this year. It now has to judge whether a war-driven price shock is passing through or spreading. GlobalEcon Daily | … Read more