Economists warn the ECB's potential rate hike at its June 2026 meeting risks repeating the 2011 policy mistake that worsened the eurozone debt crisis.

The ECB is expected to raise interest rates twice in 2026, pushing the deposit rate to 2.50% as euro-area inflation nears 3% amid surging energy prices.

JPMorgan AM and Pictet predict the ECB will hike rates just once in June 2026, clashing with market expectations for 75 basis points of tightening by