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ECB June hike a done deal, another likely in September, economists say: Reuters poll
The European Central Bank is set to raise its deposit rate to 2.25% on June 11, with another increase likely in September, as it balances energy-driven inflation against a weakening economy, a Reuters poll of economists showed. Inflation stood at 3.2% in May, well above the ECB's 3.0% target. More worryingly, core inflation - which excludes energy and food - rose faster than expected to 2.5%, suggesting the impact of the Iran war is feeding into prices. [...]