Barclays Expects ECB Rate Hike in December
Barclays expects the European Central Bank to deliver another quarter point rate hike in December. Persistent inflation pressures and rising energy prices drive the forecast.
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BARCLAYS PLC expects the European Central Bank to raise interest rates by 25 basis points in December, pushing borrowing costs higher. The forecast follows the central bank's decision on Thursday to raise its key rates by 25 bps. Traders are pricing in a 93.9% probability of another rate hike in December as inflation pressures persist.
