ING expects the ECB to raise interest rates in June due to energy price impacts

ING Research suggests the European Central Bank might raise interest rates in June due to rising energy prices impacting inflation. The firm's macroeconomics research head, Carsten Brzeski, believes inflation could reach 3-4% this year, influenced by the Israel-Iran conflict. He ruled out an April rate hike, citing insufficient data. ING also noted potential impacts on supply chains and currency exchange rates, with the euro expected to remain around $1.15 against the dollar in the first half of the year.