ECB warns that inflation will remain high due to second energy wave
Lane (ECB) states that the second wave of energy prices delays inflation returning to target until mid-2027.
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ECB Chief Economist Philip R. Lane discusses the energy shock's impact on inflation and eurozone outlook in a speech.
Lane (ECB) states that the second wave of energy prices delays inflation returning to target until mid-2027.
The ECB's August survey shows 12-month inflation expectations at 3.0%, with past perception stable at 3.5% and expected unemployment dropping to 11.0%.
ECB Vice President attributes the rise to delayed drought effects, predicting food prices will hit 3.4% in Q3 2027.
The Bank of England keeps interest rates at 3.75% and warns of possible increases due to inflation.
The Federal Reserve increases interest rates by a quarter point, provoking criticism from Donald Trump, who claims they should be at 1%.
The war with Iran has accumulated **$40 billion** in costs for the United States, raising inflation and military spending in an election year.
The Chamber of Spain's Research Service raises 2026 growth to 2.5%, forecasts 480,000 jobs, and sets average inflation at 3.2%.
Economists support a rate hike by the Fed to control inflation. A 0.25% increase is expected at the next meeting.
Spain's CPI stands at 4.3% in August, with a 46% rise in fuels, pressuring the Government to reactivate aid.
August's CPI in Málaga rises to 4.3%, the highest rate since April 2023, driven by transport (10.6%) and fuel (17.7%).
The Federal Reserve may announce an interest rate hike at its Wednesday meeting amid Trump's pressure to lower them.