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Morgan Stanley bumps up ECB terminal rate forecast to 4% from 3.75% previously

Morgan Stanley bumps up ECB terminal rate forecast to 4% from 3.75% previously
That translates to a 25 bps rate hike in July and one more after in September. It will definitely come down to the data but after seeing the June inflation figures here, there is reason to believe that price pressures will remain sticky beyond the summer. And that should warrant further ECB action so long as the economy holds up. This article was written by Justin Low at www.forexlive.com... Read More
Posted: Jul 3 2023, 06:07
Author Name: forexlive
Views: 081090

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