Spain, France Inflation Data Boost Case for ECB Rate Hike
Spain and France have released inflation data that significantly strengthens the case for an European Central Bank interest rate hike in the coming month. Spanish inflation has more than doubled the ECB's 2% target while France's figures exceeded expectations, with analysts now viewing a rate increase as nearly certain.
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Spain, France Inflation Data Boost Case for ECB Rate Hike
Spain and France have released inflation data that significantly strengthens the argument for the European Central Bank to raise interest rates in the coming month. Spanish inflation has more than doubled the ECB's 2% target while France's figures came in above forecasts, with analysts now viewing a rate hike as virtually certain.
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