Inflation
ECB on track for one last hike in September - Bloomberg poll
Money markets currently price a 70 per cent chance of a 25 basis-point ECB hike next month
Unmoved by recent signs that inflation pressure is abating, economists continue to predict that the European Central Bank will deliver one final increase in interest rates next month.
The deposit rate will be lifted to 4 per cent in September from 3.75 per cent now, a Bloomberg poll showed. At the same time, respondents reckon officials will start cutting borrowing costs in March, a month earlier than they previously thought.
The results come as major ...
