Eurozone headline inflation jumped to 3.3% in August on energy costs while core inflation cooled to 2.4%, setting up a widely expected ECB hike to 2.50% on September 10 even as Germany's export orders turn positive for the first time in over four years and French yields spike to 4.23%.
AMP's Shane Oliver flags that energy pushed euro-area inflation back to 3.3% even as core eased to 2.4%, a split that still points to a September ECB hike but may limit how far tightening can go. Source
