The European Central Bank is expected to raise interest rates by 25 basis points, with deposit rates rising to 2.50%

The European Central Bank is expected to raise interest rates for the second time since the Iran War pushed up energy prices, against the backdrop of strong economic growth and inflation above target in the eurozone. Analysts predict that deposit rates will increase by 25 basis points to 2.50% on Thursday. The new quarter employee forecast will reflect stronger inflationary pressures and faster economic growth, as decision-makers are dealing with last month's CPI data exceeding 3%. The European Central Bank tightened its policy in June and had almost no objections internally before taking action this week.