✉news BusinessBanking first seen 10 h ago, last 50 min ago, peak #17
Standard Chartered Joins Banks Betting on December ECB Rate Hike
Original: Standard Chartered joins major banks in betting on December ECB rate hike
Standard Chartered has joined a group of major banks forecasting that the European Central Bank will raise interest rates in December. The prediction adds to growing market expectations of further monetary tightening by the ECB as policymakers battle persistent inflation in the eurozone. The bank's call aligns it with other large institutions now betting on a hike at the December meeting.
Why now: Markets and investors are closely watching whether the ECB will deliver another rate hike in December amid ongoing inflation concerns.
Standard CharteredEuropean Central Bank
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