ECB Faces Uncertainty on Interest Rates Amid Global Economic Shocks
The European Central Bank (ECB) is facing uncertainty regarding its interest rate decisions with less than two weeks until its next meeting. Policymakers are adopting a meeting-to-meeting approach due to volatile oil prices and geopolitical tensions, particularly concerning the Strait of Hormuz. ECB officials, including Joachim Nagel, president of Germany's Bundesbank, have highlighted the need to remain flexible in monetary policy decisions. The ECB is expected to keep rates steady at the upcoming meeting, with potential hikes anticipated in June if inflationary pressures persist. 
