Following the example of their euro area counterparts the day before (see EUROPE B12801A18), the European Finance Ministers will discuss the sharp rise in energy prices in Luxembourg on Tuesday 5 October.
This surge in energy prices is by far the most important factor in the current rise in inflation. It reached 3.4% in September, according to a Eurostat estimate published on Friday 1 October (see other news).
At this stage, the ECB is maintaining its very accommodating monetary...