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Goldman Sachs raise its estimate for ECB interest rate hikes for the 2nd time in 2 weeks

Goldman Sachs raise its estimate for ECB interest rate hikes for the 2nd time in 2 weeks

Goldman Sachs had expected the European Central Bank to raise its rate by 25 bp in May, but has revised this to +50bp in a research note.

  • now forecast peak by the European Central Bank to 3.75% by June (was at 3.5%)

GS citing

  • higher than expected Spanish and French inflation numbers
  • remarks from ECB chief economist Lane t Read More
Posted: Mar 1 2023, 23:23
Author Name: forexlive
Views: 082241

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