The European Central Bank will almost certainly add 25 basis points to its deposit rate on May 4 and then take it to 3.50% or higher in June as core inflation remains persistently high, according to economists polled by Reuters
Euro zone headline inflation moderated further last month but remained over three times the ECB's 2% target and despiteChristine Lagarde
The central bank was expected to raise rates for a seventh straight meeting next week, but step down to a 25 basis point move, according to 57 of 69 economists in the latest Reuters poll.The ECB has added at least 50 basis points in six successive meetings but some policymakersStill, 12 respondents expect a 50 basis point move next week.
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