Citigroup expects ECB to take deposit rate to 4% by July this year

Tue Mar 07 2023
Nikki Bailey (1345 articles)
Citigroup expects ECB to take deposit rate to 4% by July this year

Citigroup expects the European Central Bank to hike rates by 50 basis points each in March and May to push its policy rates to about 4% by July.

Economists led by Arnaud Marès said this course of action by the ECB will more likely result in overtightening of rates to tame record high inflation.

Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York