ECB will slow the pace of tightening from here – TDS – by MSalordFX ECB Banks
raised interest rates by 75 basis points on Thursday as expected. According to analysts from TD Securities expect the ECB to hike 50bps in October, and 25bps at each of the three meetings from December to March, reaching a terminal of 2.00% at that meeting.“Today's decision suggests that the ECB will slow the pace of tightening from here as it heads toward the neutral rate, which by most accounts lies somewhere in the 1-2% range.
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