The European Central Bank is expected to deliver its second rate increase since the Iran war sent energy prices sharply higher, as inflation continues to run above target. According to an institutional survey cited by ChainCatcher, all but one analyst expect the ECB to raise its deposit rate by 25 basis points on Thursday, taking it to 2.5%. Policymakers are dealing with consumer price growth that moved above 3% last month. The expected move reflects the central bank’s response to persistent inflation pressure rather than any new guidance disclosed in the report. The survey points to a broad consensus on the size of the rate increase, with only one analyst diverging from that view.
According to ChainCatcher, the European Central Bank is expected to carry out its second rate increase since the Iran war drove a surge in energy prices, with inflation still running above target.
An institutional survey showed that all but one analyst expect the deposit rate to be raised by 25 basis points on Thursday to 2.5%. Policymakers are dealing with consumer price growth that rose above 3% last month.
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