Moody's: the European Central Bank is expected to raise interest rates by 25 basis points in June

[Moody's: the European Central Bank is expected to raise interest rates by 25 basis points in June] Moody's expects the European Central Bank to raise interest rates by 25 basis points at its June meeting. This will bring its main refinancing rate to 4 per cent. Even if inflation is on a downward trend, the ECB will not be prepared to suspend or reverse interest rate hikes. There is not enough irrefutable evidence that core inflation is steadily falling. Core inflation and headline inflation are still above the 2 per cent target. Moody's believes the ECB is most likely to stop raising interest rates after raising rates again in July.