ECB: one more hike then extended plateau, according to Commerzbank
FROM THE WIRE · FXSTREET.COM
Commerzbank economists expect the European Central Bank (ECB) to leave its deposit rate at 2.50% in October, then raise it to 2.75% in December in response to persistent Eurozone inflation.
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA forecast of further ECB rate hikes affects the euro and European yield curves.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Commerzbank expects the ECB to keep the deposit rate at 2.50% in October.
- 02The rate would then rise to 2.75% in December due to persistent inflation.
- 03The forecast concerns the eurozone.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets