Loading...
Market
What will be the ECB interest rate decision by end of 2024?
4
Resolution / Starting Odds
Cut by 25 basis points • 33%
Cut by 50 basis points • 33%
No change • 33%
European Central Bank official announcements
Story
Eurozone Inflation Rises to 2.6% in May, Highest Since February, ECB Prepares Rate Cut
May 31, 2024, 09:13 AM
Eurozone inflation rose to 2.6% in May, according to data released on Friday. This figure is in line with forecasts and marks the highest inflation rate since February. ECB's Panetta commented that the rate is 'neither good nor bad' and it aligns with expectations. The May CPI inflation rose 2.6% Y/Y, with an estimate of 2.5% and a previous rate of 2.4%. Despite the rise in inflation, the European Central Bank is still preparing to cut interest rates, indicating a slow and uncertain journey to control prices.
View original story
Similar markets
4.25% • 25%
4.00% • 25%
3.75% • 25%
3.50% or lower • 25%
3.75% • 25%
3.50% • 25%
3.25% • 25%
3.00% or lower • 25%
Cut rates by 25 bps • 25%
Cut rates by 50 bps • 25%
No change • 25%
Increase rates • 25%
Increase by 50 bps • 33%
Increase by 25 bps • 33%
No Change • 33%
Increase rates • 33%
Decrease rates • 34%
No change • 33%
Rate Cut • 33%
Rate Hold • 34%
Rate Increase • 33%
