Report sees ECB raising rates 50 bps by mid-2027
An ICICI Bank Global Markets research report expects cumulative ECB rate increases of 50 basis points by the first half of 2027, citing elevated energy prices and persistent services inflation.
New Delhi, Oct. 17 — The European Central Bank (ECB) is forecast to increase interest rates by a total of 50 basis points by the first half of 2027. Elevated energy prices and persistent services inflation are expected to keep price pressures above target, according to a research report by ICICI Bank Global Mark…