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Goldman Sachs Now Sees ECB Hiking Interest Rates in July

  • Goldman Sachs sees ECB’s key rate peaking at 1.25% in 2023
  • Economist Sven Jari Stehn sees ‘rising concerns’ at ECB
The European Central Bank (ECB) headquarters in Frankfurt, Germany.

The European Central Bank (ECB) headquarters in Frankfurt, Germany.

Photographer: Alex Kraus/Bloomberg
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Goldman Sachs Group Inc. economists said they now expect the European Central Bank to hike interest rates by 25 basis points in July, followed by shifts in September and December.