European Central Bank Governing Council member Nagel stated that a rate hike in December is highly likely if the inflation outlook does not improve.

European Central Bank Governing Council member and Bundesbank President Nagel stated that rising energy prices are exacerbating inflation risks. Eurozone inflation is projected to reach 4% in September, double the ECB's 2% target, while core inflation is expected to remain at 2.5%. Unless the inflation outlook improves significantly, a December rate hike is likely unavoidable. (Source: Jinshi)