Possible close from half a point of the ECB

The ECB expects a rate hike from 25 basis points in June, and if the inflation outlook "remains unchanged or deteriorates, a higher increase will be appropriate at the time of the September meeting".

This can be read in the Economic Bulletin of the European central institute which predicts high inflation even net of energy and food goods (3.3% in 2022, 2.8% in 2023 and 2.3% in 2024) and he stresses that the war is "having a heavy impact on the euro area economy and the outlook remains characterized by a high degree of uncertainty".

However, there are "the conditions for the economy to continue growing and for a further recovery in the medium term".