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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 at its December meeting. The move adds to growing market expectations of further monetary tightening in the eurozone as policymakers continue efforts to bring inflation back toward target, with traders and economists watching closely for confirmation from the ECB.
Why now: Banks revising their ECB forecasts signals shifting expectations about eurozone monetary policy ahead of the December decision.
Standard CharteredEuropean Central Bank
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