{
  "id": 10727429,
  "title": "ECB’s DeMarco backs October hike as core inflation stays firm",
  "url": "https://urgent.news/2026/09/29/ecbs-demarco-backs-october-hike-as-core-inflation-stays-firm",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T16:22:02.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/ecbs-demarco-backs-october-hike-as-core-inflation-stays-firm-202609291622"
  },
  "original_language": "en",
  "account": null,
  "summary": "ECB Governor Alexander DeMarco has indicated support for a potential rate hike in October, citing strong core inflation as a reason for the move. This comes after the ECB's September decision to lift rates by 25 basis points, with DeMarco noting that the Middle East continues to generate inflation pressures and inflation is expected to remain well above target for an extended period. While money markets currently price in a 57% chance of a rate hold at the October 29 meeting, with December hike odds at 84%, the European Central Bank's economic situation is described as fragile, with a recent rise in long-term bond yields raising concerns.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}