The new economic figures both strengthen the case for the ECB to only hike rates by a smaller amount at is policy meeting.
Inflation in the euro area rose slightly to 7% in April, according to new data released this week.
Christine Lagarde, president of the European Central Bank , pauses during a rates decision news conference in Frankfurt, Germany, on Thursday, March 16, 2022.
"To stop financial conditions from overreacting to a downshift to a +25bp pace, we expect the ECB to announce faster QT: an increase in the roll-off of APP reinvestments from EUR15bn per month to EUR20bn per month from Q3," said Deutsche Bank chief economist and ECB watcher, Mark Wall, in a note to clients.
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