Eurozone inflation hit a new record in August, reflecting the intensifying cost of living crisis, and added further pressure on the European Central Bank to tighten policy more aggressively as soon as next week.
Inflation rose to 9.1 percent in August from 8.9 percent in July. The pace was also above economists' forecast of 9.0 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.