Economists are increasingly aligning with market expectations that the European Central Bank will raise interest rates within months. This shift in consensus reflects growing concerns about inflation across the Eurozone and signals a potential end to the ECB's ultra-loose monetary policy. The pivot comes as inflation data continues to exceed the ECB's 2% target, putting pressure on policymakers to act.

Market analysts had previously been divided on when the ECB might begin tightening, with some arguing that economic weakness would delay any rate increases. However, the latest survey data shows a clear majority now expect the first hike to come before year-end. This change in outlook has already impacted bond yields and currency markets, with the euro strengthening against the dollar.

The ECB's next policy meeting will be closely watched for any hints about the central bank's timeline. While President Christine Lagarde has maintained a cautious stance, the growing consensus among economists suggests that rate hikes are becoming increasingly likely. This shift could have significant implications for borrowers, savers, and investors across Europe.