BENGALURU—The European Central Bank will raise its deposit rate in the second half of this year, and not wait until 2023 as previously expected, according to a Reuters poll of economists who also sharply upgraded their inflation forecasts for this year.
The change in view followed a shift in the ECB Governing Council to concerns about consumer price inflation, rising rapidly across much of the world and which hit a record high of 5.1 percent in the 19-member eurozone in January on a year earlier.
