- Economists surveyed by Bloomberg expect the European Central Bank to wait until December for a final quarter-point increase that lifts the deposit rate to 2.75%.
- The expected end-point of the ECB's tightening cycle moved from September's meeting to December, after the prior survey round saw the September hike as the cycle's last.
- The survey cites conflict in the Middle East as the inflation trigger the ECB is trying to quell.
Quotes
“The European Central Bank will wait until December before delivering a final interest-rate increase to quell inflation triggered by conflict in the Middle East, according to economists.”
“Respondents in a Bloomberg survey expect the Governing Council to lift the deposit rate to 2.75% at its last meeting of the year, skipping the next opportunity to do so in late October.”