Economics
Bank of America Sees at Least Two Half-Point ECB Hikes in 2022
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The European Central Bank will raise interest rates by a half-point in both July and September, Bank of America predicts, followed by two quarter-point hikes in October and December.
The forecast -- considerably more hawkish than the consensus of economists -- would bring the deposit rate a total of 150 basis points higher by the end of this year. Economists Ruben Segura-Cayuela and Evelyn Herrmann said in a report that they are more certain on the total increase.