Mohamed A. El-Erian(@elerianm):In line with the consensus forecast, annual Eurozone inflation rose from 2.9% in July to 3.3% in August, its highest level since September 2023. While core and services inflation were more contained—both falling somewhat—this headline print solidifies market expectations of an interest rate hike when the ECB’s Governing Council meets next week. #economy #markets #europe #inflation #eurozone #ECB @ecb

Mohamed A. El-Erian

@elerianm

Rene M Kern Prof of Prac at Wharton. Allianz Advisor. Gramercy Chair. Chair of UnderArmour Board. Former Pimco CEO/co-CIO and President of Queens' Col Cambridge

Joined July 2011

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Mohamed A. El-Erian@elerianm

2026.09.01 12:09

In line with the consensus forecast, annual Eurozone inflation rose from 2.9% in July to 3.3% in August, its highest level since September 2023. While core and services inflation were more contained—both falling somewhat—this headline print solidifies market expectations of an interest rate hike when the ECB’s Governing Council meets next week. #economy# #markets# #europe# #inflation# #eurozone# #ECB# @ecb