There is a growing number of European Central Bank policymakers talking about the need for rate hikes to continue past the summer.
The European Central Bank’s latest Consumer Expectations survey showed that one-year inflation expectations rose to 5.0% from 4.6% while three-year expectations increased to 2.9% from 2.4%.
The Bank of England voted 7-2 to raise its base rate by 25 bps to 4.50%, as expected.