ECB likely to hike interest rates again despite market nervousness

Analysts predict the bank will continue its efforts to control inflation by raising rates despite global fears about the stability of the sector

Eurozone inflation ran to 8.5 per cent last month, more than four times above the ECB’s 2 per cent target

The European Central Bank (ECB) is unlikely to be swayed from its strategy of raising interest rates despite ongoing nervousness in the global banking sector, senior analysts have said.

However, market watchers have warned that the health of the financial sector over the next six weeks will be crucial in determining what happens next when it comes to how expensive borrowing is for banks and consumers.

Last week, the US Federal Reserve pressed ahead with ...