- Analytics
- News and Tools
- Market News
- ECB to raise its deposit rate to 2% most likely by end-2022 – ABN Amro
ECB to raise its deposit rate to 2% most likely by end-2022 – ABN Amro
The European Central Bank (ECB) raised its key policy rates by 75 bps at its September meeting. In their revised base case, economists at ABN Amro see another 75 bps hike in October, followed by a 50 bps step in December.
Risks to the new forecast are balanced
“We now expect the ECB to raise its deposit rate to 2% most likely by end-2022. In our revised base case, we see another 75 bps hike in October, followed by a 50 bps step in December. The policy rate then settles at 2% through 2023.”
“The most likely alternative to this base, is three steps of 50 bps, with the terminal rate being reached in February 2023.”
“We had previously signalled a peak rate of 1.5%. We saw the risks to our previous peak rate call as being skewed to the upside, but we see the risks to our new forecast as being balanced.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
