ECB rate hike in June 'all but inevitable'

Most economists and investors expect a quarter-point hike next month

Slovakian ECB governing council member Peter Kazimir. Mr Kazimir said a rate hike in June is "all but inevitable". Picture: Martin Baumann/TASR via AP

It’s highly likely that the European Central Bank will have to raise interest rates at its next meeting in June due to the Iran war, Governing Council member Peter Kazimir said.

While officials aren’t pre-committing to any fixed path and more data are needed to assess the conflict’s fallout, “we remain firm in our approach,” the Slovak official said.