The ECB's Rate Hike: A Calculated Gamble in Uncertain Times The European Central Bank (ECB) is poised to raise interest rates on Thursday, but the road ahead is shrouded in uncertainty.
Market watchers are pricing in a 100% chance of a rate hike, yet investors are divided on what this means for the ECB's longer term policy path.
Inflation in the euro zone has been steadily rising, driven by energy prices that have surged to 14. 3%. The ECB's September meeting comes after data showed inflation at 3. 3% in August, well above its 2% target.