LONDON – Societe Generale hiked on Thursday its forecast for the way excessive euro zone rates of interest will go to three.75% from 3% beforehand, after the European Central Financial institution vowed to maintain elevating them at a gathering earlier.
“The ECB right this moment was commendably clear: there is no such thing as a pivot even when the tempo of price hikes slows,” the financial institution’s analysts mentioned in a observe.
“We count on the ECB to maintain climbing (rates of interest) in 1H 2023, with two additional 50 foundation level hikes adopted by three 25 bps hikes”.
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