- Analytics
- News and Tools
- Market News
- ECB deposit rate to peak at 3.75% or higher as inflation stays sticky – Reuters poll
ECB deposit rate to peak at 3.75% or higher as inflation stays sticky – Reuters poll
“The peak for European Central Bank interest rates will be much higher than thought only a month ago,” per the latest survey of 60 economists polled by Reuters during March 7-9. The respondents also added that stubbornly high inflation would push policymakers to be more aggressive.
Key findings
All 60 economists polled by Reuters March 7-9 believed her and said the bank's deposit rate would rise 50 basis points to 3.00% on Thursday.
Medians in the poll showed the euro zone's central bank adding 25 basis points at the following three meetings in May, June and July to give a terminal deposit rate of 3.75%, higher than the 3.25% peak expected in a February poll.
While the median showed the deposit rate peaking at 3.75% it was a view held by only 19 of 60 economists surveyed. Twelve said it would be higher but 29 said it would be lower. The highest forecast was for 4.25%.
However, over 90% of respondents to an extra question, or 35 of 38, said the risks were the terminal rate would be higher than they expect.
There is now only a 34% chance of a recession within the coming year, the poll found, down from 50% in a January poll.
Also read:EUR/USD bulls poke 1.0600 as mixed US data test Fed hawks, US NFP, ECB’s Lagarde eyed
© 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
