ECBs Sleijpen is saying that the: ECB will do all it can to tame inflation The ECB is between baseline and adverse scenario Earlier today, Schnabel said that the ECB should raise rates while Lane that that the ECB is not pre-committing to a particular path past June .
Current market expectations are leaning strongly toward a 25 basis point rate hike at that meeting
Markets are pricing roughly an 80%–90% probability of a hike, which would take the ECB deposit rate from 2.00% to 2.25%. The decision will be announced on June 11. eg Michalowski