ECB Set for Second Rate Hike as Officials Signal Possible Third Increase This Year
Source Summary
The European Central Bank is expected to raise interest rates for a second time in the coming week. Officials are also being scrutinized for signals about the possibility of a third rate hike later in 2023.
Why it matters
The ECB's rate decisions directly influence borrowing costs across the eurozone and signal the central bank's stance on inflation control.
What remains uncertain
It remains unclear whether the ECB will signal openness to a third rate hike later in the year.
