ECB September Rate Hike Risk Rises on Oil and PMI Data – Commerzbank

According to Commerzbank analysts, the probability of a September rate hike by the European Central Bank is increasing, driven by climbing oil prices and recent PMI data. ECB President Christine Lagarde has already signaled openness to a September move.

However, sources indicate that a substantial improvement in euro area inflation is required before the ECB commits to a hike. The bank is closely monitoring incoming data, and the next decision will depend on whether inflation trends align with the hawkish outlook.