Major Banks Expect Further ECB Rate Hikes
Goldman Sachs and Citigroup expect the European Central Bank to raise interest rates again following a hawkish policy decision. Rising energy prices and persistent inflation concerns drive expectations for further monetary tightening.
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Wall Street banks expect the European Central Bank to raise interest rates by 25 basis points following a hawkish policy decision on Thursday morning. The move follows renewed geopolitical tensions that have pushed crude prices higher. Elevated energy costs continue to cloud the inflation outlook across the euro zone.
