European Central Bank policymaker Knot said that he is not seeing signs that underlying inflation is abating and that at least two more rate hikes are needed before a lengthy pause.
Meanwhile, ECB Chief Economist Lane said that inflation will return to target in a timely manner, though growth in 2023 will be subdued.
France’s May Consumer Confidence 83 (expected 84; last 83)
Italy’s May Business Confidence 101.4 (expected 102.5; last 102.8) and Consumer Confidence 105.1 (expected 105.5; last 105.5)
Swiss Q1 Employment Level 5.389 mln (expected 5.433 mln; last 5.398 mln)