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ECB expected to raise rates September 10 after 3.3% inflation

9/1/2026

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Summary

Story summary

The ECB in Germany is expected to raise rates on September 10, 2026, as inflation hit 3.3%.
Eurozone headline inflation rose to 3.3% in August, up from 2.9% in July.
ECB Executive Board member Isabel Schnabel publicly called for a September rate increase.
Austrian central bank governor Martin Kocher warned that upside inflation risks have risen.
Bond markets price a 98.9% chance of a 25-basis-point hike to 2.5% at September meeting.

History

Historical Context

In 1998 Wim Duisenberg became the ECB’s first president, guiding a cautious, inflation-fighting stance that defended the new euro. After his retirement, Jean-Claude Trichet took over on 1 November 2003, continuing that policy. Duisenberg’s death in July 2005 closed the founding era, just as the Eurozone bank now debates another rate hike and monetary credibility.

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Story summary

The ECB in Germany is expected to raise rates on September 10, 2026, as inflation hit 3.3%.
Eurozone headline inflation rose to 3.3% in August, up from 2.9% in July.
ECB Executive Board member Isabel Schnabel publicly called for a September rate increase.
Austrian central bank governor Martin Kocher warned that upside inflation risks have risen.
Bond markets price a 98.9% chance of a 25-basis-point hike to 2.5% at September meeting.

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