✉news BusinessBanking first seen 16 h ago, last 1 h 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 become the latest major bank to forecast that the European Central Bank will raise interest rates in December. The lender joins a growing group of institutions anticipating another tightening step, adding weight to expectations that eurozone borrowing costs will climb further as policymakers battle persistent inflation.
Why now: Markets and businesses are watching closely for signs of another ECB rate increase before the end of the year.
Standard CharteredEuropean Central Bank
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