February 3, 2023

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Two More ECB Rate Hikes Seen Before QT Goes Live Early Next Year

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The European Central Bank will raise interest rates twice more in its struggle with unprecedented inflation, including a smaller half-point hike next week, economists predict.

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(Bloomberg) — The European Central Bank will raise interest rates twice more in its struggle with unprecedented inflation, including a smaller half-point hike next week, economists predict.

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Borrowing costs will be lifted by the same amount at February’s meeting, meaning the deposit rate will peak at 2.5%, according to analysts polled by Bloomberg. They also see the ECB starting to offload trillions of euros of crisis-era bond purchases sometime next quarter.

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Despite the most forceful bout of monetary tightening in the euro’s history, more than half of respondents say the ECB remains behind the curve in tackling inflation that’s five times its 2% goal. The Federal…

Bloomberg News

2022-12-09 00:17:57

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