ECB May Hike Rates in June

ECB may raise interest rates in June if inflation outlook does not improve, said Bundesbank President Joachim Nagel.
Inflation rose to 3% last month and could climb further as oil prices stay above $110 per barrel amid Iran war.
Slovakia’s Peter Kazimir and Estonia’s Madis Müller also warned a June rate hike may be needed, with markets largely pricing it in.
ECB kept rates unchanged last week but debated a hike, indicating tightening may be required to prevent a self‑sustaining inflation spiral.