ECB Eyes Rate Hikes Amid War-Driven Inflation
National statistics office will release full inflation data later today.
German companies raised price expectations after energy shocks.
Ifo index increased to 25.3 in March from 20.3 in February.
State-level inflation in Bavaria, Lower Saxony, and North-Rhine Westphalia hit 2.8%, 2.6%, and 2.7%.
Bereneg Bank's Schmieding warned about transport costs affecting sectors.
Financial markets expect three ECB rate hikes this year, first in April or June.
ECB aims to act early after past misjudgments.
Eurozone inflation expected at 2.7% in March, with possible rates over 3% if war continues.
1 week ago