Inflation picked up across the EU’s largest economies in May, driven by higher energy prices, fuelling expectations that the ECB will raise interest rates at its June meeting.

Philip Lane and Isabel Schnabel warn higher energy prices are spilling over into wider economy ahead of central bank’s next meeting

Europe finance brief: ECB board member Schnabel says a June rate hike is necessary as inflation heads toward 4%, eurozone CPI lands tomorrow, sovereign-debt and fiscal stress…