Market confidence in aggressive tightening of monetary policy by the European Central Bank has increased sharply this week. As early as Thursday, the market expected that the ECB will increase interest rate by 50 bp by the end of this year, however already on Friday, interest rate futures priced that the rate hike will occur before October.The next meeting of the ECB will take place on 9 June.In May, European Central Bank President Christine Lagarde signaled that she would not rule out raising the deposit rate, currently at minus 0.5%, to zero by the end of September amid record high inflation.Consumer prices in the euro area in May increased at a record pace - by 8.1% in annual terms.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ecb-moves-coser-to-hike-interest-rate-as-fears-of-runaway-inflation-mount"
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