Euro Zone Inflation Accelerates to 3.8% in September
The European Central Bank (ECB) is under pressure to raise interest rates again after euro zone inflation accelerated in September, rising to 3.8% from 3.2% in August.
This surpasses the Reuters poll expectation of 3.6%, and investors still anticipate up to three further ECB rate hikes over the next year.
However, market turbulence and financial stability risks could influence the timing and scale of these decisions.