A survey by Bloomberg shows that due to the Iran war driving up inflation, the European Central Bank will raise interest rates twice this year.

According to the survey conducted from May 4 to May 7, economists expect the bank to raise interest rates by 25 basis points in both June and September, which is more in line with market expectations that the bank will act at least twice this year. The previous round of survey predicted only one increase in the deposit rate, which is currently 2%. Meanwhile, this year's inflation rate is expected to be 2.9%, higher than the 2.8% forecast in the previous survey. Analysts expect inflation to fall to 2.1% in 2027 and reach the European Central Bank's target of 2% in 2028.