Standard Chartered joins banks in betting on December ECB rate hike
Standard Chartered expects the European Central Bank to raise its deposit rate by 25 basis points to 2.75% in December, reversing its previous call for a pause. This change is due to stronger-than-expected inflation and resilient economic activity.
75% in December, reversing its prior call for a pause. The brokerage said stronger-than-expected inflation and resilient economic activity have reinforced the case for further tightening.