The European Central Bank is poised to raise interest rates at its meeting next week, according to widespread expectations. This action would represent a continuation of the ECB’s efforts to tighten monetary policy across the Eurozone in response to inflationary pressures and a strengthening economic outlook.

Analysts predict the rate hike will be in the range of 25 basis points, bringing the key interest rate to a new level. The ECB’s decision is being closely watched by financial markets, as it will influence borrowing costs for businesses and consumers throughout the Eurozone.

The central bank’s commitment to price stability remains a central tenet to their strategy, signaling further rate increases may be necessary to keep inflation under control.