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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