ECB Likely June Rate Hike Amid Energy Pressures

ECB likely to raise rates in June, possibly two hikes, if energy prices stay above $100/barrel and Hormuz disruptions persist.
Deposit rate stays at 2%; President Christine Lagarde said the next six weeks will assess the economy before deciding.
Policymakers expect a quarter-point hike in June, with updated projections to be reviewed amid rising inflation concerns from higher energy costs.