BENGALURU – The European Central Bank will almost certainly add 25 basis points to its deposit rate on May 4 and then take it to 3.5 percent or higher in June as core inflation remains persistently high, according to economists polled by Reuters. Euro zone headline inflation moderated further last month but remained over three times the ECB's 2 percent target and despite core readings rising to a record high the peak deposit rate was now seen slightly lower. ECB President Christine Lagarde said last week the central bank 'still has a bit of way to go' with monetary policy, so the debate about the pace and how much more to the peak deposit rate remains.

https://business.inquirer.net/397501/ecb-set-to-step-down-to-25-bps-move-on-may-4-at-least-one-more-expected-reuters-poll

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