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ECB’s Hike-or-Pause Dilemma Going Down to the Wire, Poll Shows

From bnnbloomberg.ca

Economists see the European Central Bank lifting interest rates one last time to tame inflation — they’re just not sure it will happen next week. A Bloomberg survey shows an almost even split between those anticipating a 10th consecutive hike on Thursday and those anticipating a “hawkish pause” before the deposit rate reaches a record 4% in October. Respondents see the ECB confirming by December that borrowing costs are at the peak. They’re penciling in a first rate cut of three in 2024 for March — well before ECB officials are themselves suggesting reductions may start. The results mirror the diverging views on the ... (full story)

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  • Category: Fundamental Analysis