According to Jin10, the European Central Bank is expected to raise its deposit rate by 25 basis points to 2.5% on Thursday (Sept. 10), marking its second rate hike since Iran-related energy price surges triggered inflation concerns. All but one analyst surveyed predict the increase as consumer price inflation has exceeded 3%, approaching a three-year high, with limited prospect of significant declines in coming months. The new quarterly forecasts are likely to reinforce the case for tightening, pointing to rising inflation pressures and accelerating economic growth in the eurozone.
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