Controlling inflation or stabilizing growth: The European Central Bank is in a dilemma.

Driven by the manufacturing and service sectors, as well as key economic growth data from major countries, signs of a slow recovery in the Eurozone economy appeared in July. However, since August, the continued impact of extreme weather and turmoil in the Middle East has led to rising inflation and tight energy supplies in the Eurozone, adding to the difficulty and uncertainty surrounding the European Central Bank's interest rate decision for September.