Deutsche Bank forecasts a 25bp rate hike in December this year
previous forecast was a 10bp hike in December of 2023
DB cite persistently high inflation, higher than current ECB forecasts. After the December hike DB see further hikes of 25bp a quarter through to September ’23.
DB cite the risks to their forecasts including:
wages rising more slowly than forecast
financial conditions tightening
geopolitical tensions rising
ECB President Lagarde: