ECB is expected to hike rates this week – UOB
|Economist at UOB Group Lee Sue Ann sees the ECB raising the policy rates further at its meeting later in the week.
Key Quotes
“The recent hawkish tone by the ECB, despite the absence of formal forward guidance, has led us to pencil in further rate hikes ahead. There are two more meetings left for the year.”
“For now, we see the ECB hiking by another cumulative 50bps for this year to bring the refinancing rate to 1.75% and the deposit rate to 1.25% by year-end. This will bring rates to the “neutral” territory of between 1% to 2%.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.