Eurozone inflation stayed at ECB’s 2% target in July
Figure was above expectations despite lower energy prices and stronger euro
Figure was above expectations despite lower energy prices and stronger euro

Economists expect ECB to keep rates on hold at December meeting

Figure comes after ECB kept rates on hold

Middle East energy shock pushes annual rate past European Central Bank’s 2% target

Softer price pressures in large Eurozone economies strengthen case for ECB to hold interest rates

Economists polled by FT do not expect interest rate cut this year

ECB expected to hold interest rates at meeting on Thursday