ECB Rate Hike Predicted Next Week But Not Beyond
Economists are predicting that the European Central Bank (ECB) will raise interest rates next week, but only by a quarter-point to 2.5% on Thursday.
According to a Bloomberg survey, the majority of respondents expect the deposit rate to stay at 2.5% through 2027.
This outcome is seen as more dovish than what markets are currently betting on, with some analysts expecting higher rates in the future.