Amid the most recent surge in energy prices following the outbreak of the war in the Middle East, Eurozone headline inflation has risen sharply.
The ECB also provided a slew of alternative macro scenarios.
In 2011, the ECB hiked rates twice in April and July, amid concerns regarding price stability, before having to reverse course by cutting rates twice before the year was out.
Eurozone GDP contracted in Q1 of this year, for the first time since Q4 2022.
