Most Banks See ECB Slowing Rate Hikes, Reaching Peak Early 2023

Most economists predict the European Central Bank will deliver a smaller, half-point interest-rate increase in December and stop hiking early next year.

Banks including Nordea and Berenberg see policymakers halting their tightening cycle in February after the deposit rate reached 2.25%. Morgan Stanley and Barclays expect an additional quarter-point step in March. Commerzbank meanwhile forecasts a rate of 3% at that time.