[Iran War Fuels Inflation, ECB Expected to Raise Rates Again Today] Jin10 News, September 10 – The European Central Bank (ECB) is expected to implement its second rate hike since the Iran war caused a surge in energy prices, as inflation remains persistently above target while the region's economy has shown unexpected strength. In an institutional survey, all analysts except one predicted that the deposit rate would be raised by 25 basis points to 2.5% on Thursday. The new quarterly forecasts will reinforce the rationale for the rate hike, pointing to rising inflationary pressures and accelerating economic growth in the Eurozone. Policymakers are grappling with last month's consumer price increase exceeding 3%, a level close to a three-year high, which is unlikely to decline significantly in the coming months. Unlike the Federal Reserve and the Bank of England, the ECB already raised rates in June and faces almost no disagreement about taking action again this week.