Standard Chartered expects December ECB rate hike
Standard Chartered expects the European Central Bank to raise its deposit rate by 25 basis points in December. The revised forecast follows stronger than expected euro zone inflation and resilient economic activity.
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STANDARD CHARTERED PLC adjusted its forecast to expect a 25 basis points rate hike by the ECB in December, lifting the deposit rate to 2.75%. The brokerage reversed its prior pause call following higher-than-expected inflation and economic resilience. Money markets currently price in a 65% probability of the December tightening move, per LSEG data.
