ECB policymakers warn inflation is worsening and signal possible June rate hike

9 articles · Updated · Reuters · May 1

Bundesbank chief Joachim Nagel said action could come in June, while Estonia's Madis Muller said the ECB's 2% deposit rate may need to rise.
Officials said energy-driven price rises, linked to the Iran war and higher oil prices, are increasingly spilling into other goods and services, raising the risk inflation becomes entrenched.
The ECB held rates on Thursday but debated a hike; inflation is running at 3%, and markets now expect three increases, with the first fully priced by July.

With Eurozone growth near zero, can the ECB raise rates to fight war-driven inflation without triggering a deep recession?

Is hiking interest rates the right tool to combat inflation caused by a military blockade in the Strait of Hormuz?

As the Iran war chokes global oil supply, are central banks worldwide being forced into a no-win economic scenario?