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🇪🇺 ECB arrives at neutral after first hike in three years as services inflation keeps September alive
The week in view

🇪🇺 ECB arrives at neutral after first hike in three years as services inflation keeps September alive

Macro Soup Newsroom Macro Soup Newsroom 3 min read

The ECB raised its deposit facility rate to 2.25% in its first hike after eight consecutive cuts, as eurozone CPI hit 3.2% in May. Services inflation at 3.5% makes September a live meeting.

Infographic listing central bank rate decision dates for June 2026, with ECB on June 10-11 under This Week.
ECB deposit facility rate rises to 2.25 percent on June 11 in the first hike since 2023, with staff now projecting headline inflation averaging 3.0 percent in 2026 amid energy shocks from the Middle East conflict. Source

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