Central Banks
ECB Still Seen Delivering One Last Hike in September, Poll Shows
- Economists see deposit rate being lifted to 4% next month
- Results come amid signs that inflation pressures are easing
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Unmoved by recent signs that inflation pressure is abating, economists continue to predict that the European Central Bank will deliver one final increase in interest rates next month.
The deposit rate will be lifted to 4% in September from 3.75% now, a Bloomberg poll showed. At the same time, respondents reckon officials will start cutting borrowing costs in March, a month earlier than they previously thought.