FRANKFURT: The European Central Bank (ECB) will raise interest rates twice this year as the Iran war drives inflation higher, a Bloomberg survey shows.
Economists see quarter-point hikes in both June and September, aligning more closely with market expectations for at least two moves this year, according to the May 4 to 7 poll.
The last round only envisaged one increase in the deposit rate, which is currently at 2%.
Inflation, meanwhile, is predicted to quicken to 2.9% this year from 2.8% in the last survey.
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