Standard Chartered joins major banks in betting on December ECB rate hike
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PressNewsAgencyStandard Chartered joins major banks in betting on December ECB rate hike
Oct 2 : Standard Chartered expects the European Central Bank to raise its deposit rate by 25 basis points to 2.75 per cent in December, reversing its previous call for a pause, after stronger-than-expected inflation and resilient economic activity reinforced the case for further tightening.The brokerage chang
ECB interest rates are back in focus as markets consider another hike in December. However, the European Central Bank has not announced a specific path. Instead, it assesses economic data before making any decisions. For the meeting on October 29, the base case is for rates to remain on hold. At the same time, estimates show a greater likelihood of a hike in December. Where are interest rates? After the September increase, the deposit rate is 2.…
The latest estimates from major investment houses are converging towards another 25 basis point increase in December. The stance is for higher for longer.
The European Central Bank should not increase interest at the end of this month, as expected. Inflation more contained than expected in the Eurozone gives the ECB the margin to avoid a further rise this month. But the December increase seems inevitable, at a time when the house's benefits are already rising.
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