Economists expect ECB to hold rates steady through 2026
Most economists expect the ECB to hold rates at 2% through 2026 despite rising oil prices. Inflation forecasts have been nudged up due to Middle East tensions.
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Economists surveyed in a recent Reuters poll indicate that the European Central Bank (ECB) is expected to maintain its deposit rate at 2% through the end of 2026, despite growing inflation concerns stemming from the conflict in the Middle East. Although global oil prices spiked by as much as 70% following the start of the war involving the United States, Israel, and Iran, the majority of analysts believe the central bank will resist immediate rate hikes.
