the consequences of the Iran war; The European Central Bank between curbing inflation and supporting the economy.
The European Central Bank will decide on interest rates on Thursday, while rising energy prices in the wake of the Iran-US war have escalated inflationary pressure on the economies of Eurozone countries.
According to the AFP news agency, the inflation rate of the Eurozone reached 3.8% in September, the highest rate in the last three years; A figure much higher than the two percent target of the European Central Bank.
The bank, which raised interest rates twice this year, is now facing the challenge of how to curb inflation caused by rising energy prices without further harming economic growth.
The European Central Bank is expected to leave interest rates unchanged at a meeting today, although economists have raised the possibility of another hike in December.