BofA expects ECB rate hike in December
BofA Global Research projects a 25 basis point rate hike by the European Central Bank in December. Rising energy prices and persistent inflation drive the updated forecast. Financial markets currently price in a high probability of this move.
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BofA Global Research expects the European Central Bank to raise interest rates by 25 basis points in December, citing a renewed energy shock. The brokerage points to climbing prices for Natural Gas and Brent Crude Oil as core drivers.
