ECB seen delivering one final hike in December, short of market pricing

Bloomberg ·
ECB seen delivering one final hike in December, short of market pricing
  • An overwhelming majority of economists in a Bloomberg survey expect the ECB to raise its deposit rate by a quarter-point to 2.75% at its final 2026 meeting in December.
  • Economists expect the deposit rate to stay at 2.75% until May 2028 after the December hike.
  • Traders see three more ECB rate moves over the next year, which conflicts with the economist view of a single final hike.
  • The ECB is expected to pause at its meeting next week before the December move.