The European Central Bank's (ECB) chief economist, Philip Lane, said it would make sense for the regulator to raise interest rates at its December meeting if economic data is unchanged in the coming weeks. Lane estimates that inflation in the Eurozone will likely end slightly above 4%, as food price growth and core inflation are expected to accelerate, Bloomberg reported.

The European Central Bank's (ECB) chief economist, Philip Lane, said it would make sense for the regulator to raise interest rates at its December meeting if economic data is unchanged in the coming weeks. Lane estimates that inflation in the Eurozone will likely end slightly above 4%, as food price growth and core inflation are expected to accelerate, Bloomberg reported.