Will the ECB deliver a historic rate rise?

Will the European Central Bank deliver a historic rate rise?

Even before last week’s data showing eurozone inflation hit a record high and unemployment fell to a new low, markets were already betting the European Central Bank would step up the pace of interest rate rises when it meets on Thursday.

The ECB raised rates in July for the first time in more than a decade, lifting its benchmark deposit rate from minus 0.5 per cent to…