Is the ECB headed for a third hike?

AI Summary

JPMorgan anticipates a third interest rate hike by the European Central Bank (ECB) in December, potentially raising rates to 2.75%. This forecast follows expectations for a second hike next week, driven by persistent energy price pressures, solid economic growth, and sticky core inflation.

JPMorgan now expects the European Central Bank (ECB) to raise interest rates for a third time in December, taking the policy rate to 2.75%, following a “near-certain” second hike to 2.5% at next week’s meeting. Economist Greg Fuzesi said the call reflects an interaction between more persistent energy price pressures, solid growth, sticky core inflation, ...