ECB is expected to raise interest rates by 25 basis points in June (June 6)

European economist Simon Wells said he expected the European Central Bank to raise interest rates by 25 basis points in June, raising the deposit rate to 3.5%, and hinted at further rate hikes. The main forecast among economists is that the ECB will raise the deposit rate to 4% by September, albeit with some caveats. They said the focus should shift from peak rates to how long the ECB intends to keep rates at peak levels, although they currently do not expect the ECB to give clear forward guidance in this regard.