ECB Set for Second 25bp Hike as Gulf Tensions Fuel Inflation

The ECB is expected to raise rates by 25bp, its second consecutive hike, driven by hawkish pressure from Bundesbank's Nagel and inflation above 3.3% in August. Gulf tensions are cited as a key inflationary risk, though the exact decision remains uncertain until the Governing Council meets. This would signal continued monetary tightening, impacting Greek households and businesses with higher borrowing costs.