Standard Chartered Ups ECB Rate Hike Odds to 65%

Standard Chartered has updated its forecast on European Central Bank (ECB) interest rate hikes, now expecting a 25 basis point increase to 2.75% in December.

This shift comes after September inflation data showed a stronger-than-expected acceleration in the euro zone, largely driven by higher energy prices and resilient business activity.

Money markets currently price a 65% probability of an ECB rate hike in December, according to LSEG data.