On the balance of things, a 25 bps move seems more likely but it may very well come down to the wire. The euro area consumer inflation report for April comes out just two days before the ECB decision and that could influence policymakers depending on what we see, especially for core inflation.
ECB's Kazaks: May option is 25 bps or 50 bps move
- Remarks by ECB policymaker, Martins Kazaks
