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ICYMI - Nomura ramped their ECB peak rate forecast to 4.25% from 3.5% previously

ICYMI - Nomura ramped their ECB peak rate forecast to 4.25% from 3.5% previously

From Nomura on the European Central Bank:

  • We have raised the forecast for the ECB terminal rate to 4.25% by July from 3.50% previously

From the note, in very brief.

Nomura reasoning includes

  • the climbing core CPI rate in the eurozone
  • resilient economic growth
  • signals now from policymakers that rates rising to 4% is reasonable

Nomura projects the path ahead as:

  • 50bp hikes in March, May and June this year
  • the... Read More
Posted: Mar 6 2023, 21:30
Author Name: forexlive
Views: 110767

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