Free Trial

BofA Raise ECB View to See 4.00% Deposit Rate in July

ECB
  • BofA update their view on the ECB, now expecting an ECB depo rate peak of 4% by July (comprising of a 50bps hike in March, 50bp in May, 25bp in June and July).
  • BofA still don't see cuts until June 2024 because their headline inflation forecasts move to 5.4% in 2023 and 2.3% in 2024 (5.2%/1.9% before) and see core at 4.2% in 2023 (+60bps) and 2.2% in 2024 (+30bps).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.