ECB expected to raise rates in June as inflation risks grow
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The ECB is expected to raise its deposit rate by 25 basis points to 2.25% in June, according to a Reuters poll where 85% of economists agree. Rising oil prices, exceeding $100 per barrel due to Middle East tensions, are contributing to inflation levels above the ECB's target. However, the ECB faces a policy dilemma, as aggressive tightening could negatively impact fragile economic growth while trying to manage inflation expectations.
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