Economists warn that the European Central Bank raising interest rates could lead to repeating the mistakes of its policy in 2011.

Economists warn that the European Central Bank, which is intentionally maintaining its reputation for curbing inflation, is facing the risk of making a costly policy mistake at this week's meeting. Since the outbreak of the Iran war, the European Central Bank has been standing still, but officials now seem to believe it is necessary to raise interest rates to curb the broader inflationary pressure caused by surging energy prices. However, there are still ample reasons to proceed with caution - the Eurozone economy has shown signs of fatigue and investors may interpret a rate hike as the beginning of a tightening cycle. In this dilemma, some analysts believe that the European Central Bank should continue to wait and see to assess the sustainability of the impact, especially as the US and Iran are trying to reach a peaceful agreement. They warn that hasty action may repeat the mistake of the rate hike 15 years ago - when these rate hikes were forced to be reversed after the exacerbation of the European debt crisis.