Euro area: Inflation revised slightly downwards in August
Eurostat korrigiert Inflationsrate auf 3,2 Prozent, EZB hält an restriktivem Kurs fest
Quick Look
- The inflation rate in the euro area was revised downwards from 3.3 to 3.2 percent for August.
- Despite the slight easing, the ECB is signaling further interest rate steps to counteract the inflation risks.
AI-generated summary
Why It Matters
Die EZB hat im laufenden Jahr bereits zweimal die Zinsen erhöht, um der durch Ölpreise getriebenen Inflation entgegenzuwirken.
Frankfurt. Inflation in the euro area, driven by the oil price shock, did not rise as sharply in August as initially reported. The statistics office Eurostat revised its original estimate downwards from 3.3 to 3.2 percent on Thursday. However, this does not mean the all-clear for the European Central Bank (ECB).
After the second interest rate increase this year, the ECB signaled its willingness to take further steps. Regardless of the inflation data that has now been updated, several central bankers indicated that they wanted to increase the rate in 2026. Market participants are even expecting three to four more interest rate increases by next summer.
The risks for inflation are pointing upwards, Ireland's central bank chief Gabriel Makhlouf told the TV channel Bloomberg on Thursday. Therefore, the ECB must keep the option to raise interest rates again at the next opportunity in October. This would accelerate the turnaround in interest rates after increases in June and September.
What to Watch
AI outlook — possibilities, not facts
EZB prüft Zinserhöhung im Oktober
Likely · Within weeks
Open Questions
- Wie hoch wird die nächste Zinserhöhung im Oktober ausfallen?
