News of it discussing such a step prompted ABN Amro to change its prediction to 50 basis points from 25. Money markets put the likelihood of each at 50%.
The European Central Bank is about to raise interest rates for the first time in 11 years, joining peers around the world in confronting a historic spike in inflation after months of standing on the sidelines.
With soaring prices an ever-growing concern for households, companies and governments across the 19-nation euro zone, the ECB may even deviate from guidance by considering a hike of double the planned quarter-point at Thursday’s meeting.
