Standard Chartered expects ECB December rate hike
Standard Chartered anticipates a 25 basis point deposit rate increase by the European Central Bank in December, reversing its prior forecast for a pause. The firm cited stronger-than-expected inflation, resilient economic activity, and higher oil price projections as reasons for the change.
75% at its December meeting, reversing an earlier call for a pause. The bank said the change reflects stronger-than-expected inflation, resilient economic activity and higher oil price forecasts.