The European Central Bank raises inflation expectations to 4% amid a disappointing view of the economy

European Central Bank forecasts showed inflation rising in Interest rates, although no change is expected in the next monetary policy decision, scheduled for Thursday.

Markets and economists polled expect "Bloomberg" They view a quarter-point increase at the June meeting, while traders see a further hike by the end of the year.

The European Central Bank survey also showed a decline in consumers’ expectations for the economy, as they expect GDP over the next 12 months to contract by 2.1%, compared to a contraction of 0.9% in February. Expectations for the unemployment rate over the next year rose to 11.3% from 10.8%.

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