Euro Zone Inflation at Five-Month High Will Keep ECB on Hold

Euro-zone inflation probably jumped to a five-month high in September, a reading that may reinforce policymakers’ resolve to avoid cutting interest rates again for now.

Consumer prices rose 2.2% from a year earlier, according to the median forecast of 35 economists surveyed by Bloomberg. Those data on Wednesday will follow national reports that may also show a pickup in each of the four biggest euro-area members.