Central Banks
European Central Bank to Lift Deposit Rate to 3.75% Peak in July, Survey Shows
- Economists predict three more hikes, then holding rest of year
- Core inflation to be stronger than headline number from 3Q
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The European Central Bank is set to deliver three quarter-point increases in interest rates in May, June and July before ending the most aggressive bout of monetary tightening in its history, economists polled by Bloomberg say.
That would take the deposit rate to 3.75%, where it would stay through the rest of the year, according to the April 5-13 survey.