Will the European Central Bank (ECB) raise the official Eurozone deposit facility rate above 5.0% before the end of 2028?

ECB's Rate Ceiling

The ECB has historically been more cautious with high interest rates than the US Fed, primarily due to the diverse economic conditions within the Eurozone. Raising the key deposit rate above $5.0\%$ would imply a return to aggressively high and persistent inflation that the ECB cannot control through milder hikes. The strong 'No' vote reflects the consensus that Eurozone inflation will be managed and tamed, allowing the ECB to either hold or reduce rates well below the $5.0\%$ threshold before the end of 2028.