ICYMI – Deutsche Bank forecasts an ECB rate hike in December 2022

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:

Lagarde

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