ECB Expected to Raise Rates Again on Thursday
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Insights by Echo AI
Most economists polled by Bloomberg and Reuters expect the European Central Bank (ECB) to raise its deposit rate by 25 basis points to 2.5% on Thursday, marking the second and final rate increase in its shortest cycle in 15 years. The move comes amid accelerating Eurozone inflation, driven primarily by energy costs, which reached 3.3% in August. Despite this, economists do not anticipate a third rate hike, believing that energy-driven inflation will not necessarily lead to broader price pressures. The ECB's latest rate-increase cycle is expected to conclude with this move.
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