Economics

Goldman, Deutsche Bank See ECB Hiking as Soon as September

The two banks now see the deposit rate rising to zero in 2022
ABN Amro maintains its forecast for no increases at all

The European Central Bank headquarters in the financial district in Frankfurt.
Photographer: Alex Kraus/Bloomberg

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By Craig Stirling, Carolynn Look, and Alexander Weber

February 4, 2022 at 5:04 AM EST

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European Central Bank watchers from Goldman Sachs Group Inc. to Deutsche Bank AG are predicting interest-rate increases will begin as soon as September following President Christine Lagarde’s hawkish pivot.