Euro Area Inflation Jump Supports ECB Hike: Commerzbank

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Commerzbank economist Dr. Vincent Stamer says the Euro area's headline inflation rose to 3.3% in August from 2.9% in July, driven mainly by higher energy prices linked to the Middle East conflict, a development that supports the European Central Bank's decision to hike interest rates.

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Higher inflation supports ECB rate hike, raising policy rate.

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