The European Central Bank raised key interest rates on Thursday by 50 bps. The move was larger than expected. Analysts at Wells Fargo believe inflation remains elevated enough, and inflation risks worrisome enough, to continue with a more forceful pace of rate hikes for the time being. Key Quotes: “As …
Read More »Wells Fargo Expecting ECB to start moving rates in December
Beyond March, analysts at Wells Fargo expect the European Central Bank to start raising its Deposit Rate shortly after it completes its net bond purchases.An initial 25 bps Deposit Rate hike is expected in December 2022 and another 25 bps hike in March 2023. They consider the divergence between the …
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