Banks Forecast December ECB Rate Hike
JP Morgan and BNP Paribas expect the European Central Bank to deliver a 25 basis point rate hike in December. Persistent inflation risks and elevated energy prices drive the revised outlooks for euro zone borrowing costs.
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JPMORGAN CHASE & CO and BNP PARIBAS forecast a 25 bps rate hike by the ECB in December. Persistent inflation risks and elevated energy prices drove the revised outlooks. Borrowing costs across the eurozone will remain elevated for a longer period.
