ECB to hike twice more and more could come as inflation stays hot: Reuters poll
Reuters
23-05-16 02:11
The European Central Bank (ECB) will increase interest rates by 25 basis points at two consecutive meetings, according to a poll of economists by Reuters. In May, the ECB raised its deposit rate by 25 basis points. All of the 62 economists polled predicted an increase of a quarter percentage point to 3.50% next month. Just one forecast a cut of 25 basis points. The median predicted rate was 3.75% until at least next April, although five respondents expected a hike to 4.00% in September. Harper Petersen, a senior economist at Berenberg, warned there was a “risk of over-tightening” by the ECB.