ECB Expected to Raise Interest Rates

The European Central Bank is anticipated to increase borrowing costs for the second time following the start of the Iran war. According to a Bloomberg poll, nearly all analysts expect the deposit rate to rise by a quarter-point to 2.5% this Thursday. Simultaneously, bank preferred stocks are currently issuing warnings regarding interest rates. These developments highlight a shifting monetary landscape in Europe as the ECB adjusts its policy to manage economic conditions and inflation.