Central Banks: Further hikes at least from the ECB – Nordea

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Central Banks: Further hikes at least from the ECB – Nordea
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Central Banks: Further hikes at least from the ECB – Nordea CentralBanks InterestRate ECB Banks

Economists at Nordea continue to see further hikes at least from the ECB, and think financial markets are pricing in too many rate cuts ahead.“Earlier tightening measures are having a clear impact on financing conditions, banking worries in the US continue, but at the same time, inflation numbers remain way too high. There are clearly risks both ways, but we think at least the ECB will hike

several times further, and do not see rates falling as rapidly as being priced in by financial markets.”is not pausing, and we look for two further 25 bps rate hikes, in June and July, bringing the deposit rate to 3.75%.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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