ECB Officials Eye Further Rate Hikes Ahead of October Decision

European Central Bank (ECB) officials are expecting further interest rate hikes, with another increase possible as soon as next month. According to people familiar with the situation, policymakers' views will continue to hinge on incoming economic data. Tighter monetary policy may be required to contain inflation that's stuck above 3%, they said.

The ECB has been raising interest rates in an effort to combat high inflation and stabilize the eurozone economy. With another rate hike potentially coming as soon as October, investors will be closely watching for any signs of a slowdown or acceleration in economic growth.