Credit Agricole CIB CIOs say the ECB is more likely to deliver consecutive rate
increases this summer rather than wait until September. "We expect the ECB to
deliver two one-off rate hikes this year, in June and July," the firm said. The
call is driven by rising inf expectations; survey data show firms are
increasingly willing to raise selling prices, raising the risk that expectations
could become entrenched. The firm adds there is currently no convincing evidence
of significant second‑round effects, so it does not expect the ECB to start a
prolonged tightening cycle.
