All eyes on ECB’s next move

ECB president Christine Lagarde (pic) previously promised to “look through” the surge and policymakers expect the rate to rise even further in coming months before falling back.

FRANKFURT: Rising eurozone inflation provides the backdrop for the meeting of European Central Bank (ECB) governors Thursday, with markets hoping for hints when policymakers might start easing their massive pandemic-era stimulus.

As the economic recovery gathered steam in the 19-nation club, consumer prices rose in August at a pace not seen in the past decade, climbing beyond 3% – overshooting the ECB’s new 2% target.