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ECB Set to Hike June Rates, Stournaras Cites Inflation Threat

5/24/2026

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Summary

Story summary

Yannis Stournaras said the European Central Bank (ECB) will likely raise rates at its June 10-11 meeting.
Yannis Stournaras warned that without a U.S.–Iran peace deal, inflation could rise because of Strait of Hormuz blockage, prices and PMI.
Yannis Stournaras expects the ECB’s 2.6% inflation forecast to be revised after output rose 0.1% and the PMI contracted.
Martin Kocher said the ECB will hold or raise rates at the June meeting.

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Story summary

Yannis Stournaras said the European Central Bank (ECB) will likely raise rates at its June 10-11 meeting.
Yannis Stournaras warned that without a U.S.–Iran peace deal, inflation could rise because of Strait of Hormuz blockage, prices and PMI.
Yannis Stournaras expects the ECB’s 2.6% inflation forecast to be revised after output rose 0.1% and the PMI contracted.
Martin Kocher said the ECB will hold or raise rates at the June meeting.