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Deutsche Bank expect an ECB terminal rate of 3.75%, but risks remain clearly to the upside

This is in brief from Deutsche Bank's look at the European Central Bank's 'as expected' rate hike of 25bp to 3.5% yesterday and outline what's still to come from the Bank. Our baseline expectation is a final 25bp hike in July to a terminal rate of 3.75%. The risks remain clearly to the upside. We expected more emphasis on the intention to hold at the terminal rate for longer. In our view, this message was implicit rather than explicit. One could interpret the combination of the dovish elements (... Read More

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Deutsche

Bank

Expect

Terminal

Rate

75 Risks

Remain

3 75

Clearly

Upside

Forex

Posted: Jun 16 2023, 00:04

Author Name: forexlive

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