ECB policymakers leaning towards 25-bps rate hike in May despite inflation concerns.

European Central Bank policymakers are leaning towards a 25 basis point interest rate hike in May, despite other options remaining on the table and the debate not being settled. The ECB has raised rates by at least 50 basis points each at six successive meetings to fight stubbornly high inflation. However, uncertainty remains high after last month's financial sector volatility and past rate hikes have yet to work their way through the economy, so less is needed because past moves are still taking hold.