The European Central Bank is preparing an interest rate hike on Thursday, a move that investors consider virtually certain to happen.
This decision comes in a context where inflation in the eurozone is attributed mainly to energy prices, raising questions about the effectiveness of a more restrictive monetary policy.
Despite this, underlying inflationary pressures are easing, which contrasts with the perceived need to raise interest rates.
The apparent contradiction between the source of inflation and the ECB's response keeps markets on alert for the consequences of this policy.
