Shafaqna English- According to a Reuters poll published on Thursday(13 Aug 2026), the European Central Bank is set to implement one more interest rate hike in the coming month, driven by persistently high energy prices that continue to push inflation further away from the bank’s 2% target. Following this adjustment, monetary policy is expected to remain on hold through at least the middle of 2027.
The U.S.-Iran conflict, which was initially anticipated to be a short-lived affair, has now entered its sixth month with no resolution in sight, keeping crude oil prices roughly 25% above pre-war levels and pushing euro zone inflation to 2.9% last month.
Source: Reuters
ECB: Energy inflation remains contained