The ECB raised its deposit facility rate by 25 basis points to 2.25% on June 11, but euro area negotiated wages growing at 3.4% year-on-year in Q1 2026 complicate the exit. June staff projections put headline HICP at 3.0% for 2026 with GDP revised to just 0.8%.
Oil prices near $80 per barrel show that Europe’s energy shock persists even after the ECB raised rates by 25 basis points to 2.25% on June 11. Source
