Christine Lagarde, President of the European Central Bank (ECB), speaks during an ECB press conference in July.
Inflation in the euro zone came in higher than analysts had expected for the month of August, although coming in unchanged from the previous month and complicating the role of the region's central bank.
European Central Bank Member Robert Holzmann said the data shows inflation is still persistent, according to Reuters.
He, one of the more hawkish members of the ECB, added that the latest figures pose a "conundrum" for the central bank.
The central bank is due to meet on Sept. 14 and announce whether it is raising rates further.
Persons:
Christine Lagarde, Dow Jones, Robert Holzmann, Lagarde
Organizations:
European Central Bank, ECB, Reuters