ECB expected to keep rates unchanged this week – UOB

Economist at UOB Group Lee Sue Ann suggests the ECB will refrain from acting on rates at the June 9 event.

Key Takeaways

“There is an increasing sense of urgency among the hawks within the ECB’s governing council as surging inflation warrant higher interest rates in the Eurozone.”

“We might see the start of policy normalization as early as Jul, though the process will be gradual. We will be revising our forecasts following the ECB meeting in Jun.”