Economy

Four in ten financial service leaders fear ECB interest rates will top 4% in 2024

Wide-ranging poll reveals economic and geopolitical expectations of industry leaders

Christine Lagards, ECB President: Finding comes as the ECB must decide whether to hike interest rates once more at its meeting on Thursday. Picture: Bloomberg

The majority of leaders in the financial services industry predict that European Central Bank (ECB) interest rates will remain above 3.5 per cent at the end of 2024, with almost four in ten of the belief they will top 4 per cent, according to a new survey.

A wide ranging poll of industry leaders, which surveyed their economic and geopolitical expectations and concerns, conducted by Mason Hayes & and Curran, the business law firm, found ...