Goldman Sachs expects ECB rate hikes in April and June
Goldman Sachs expects the European Central Bank to deliver 25 basis point rate hikes in both April and June. This follows rising inflation risks noted today.
The Goldman Sachs Group, Inc. has revised its expectations for the European Central Bank, now forecasting two interest rate hikes of 25 basis points each in April and June. This adjustment comes as policymakers signal increasing concerns over inflation risks driven by the ongoing conflict in the Middle East. The brokerage had previously anticipated that the central bank would keep interest rates steady throughout the current year.
With this updated outlook, the firm joins other major financial institutions, including JPMorgan Chase & Co. and Barclays PLC, which have also pointed toward potential rate increases. The shift in sentiment reflects a broader concern among analysts regarding the impact of geopolitical instability on global price levels.
