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Danske Bank Up ECB Rates Call

ECB
  • Danske Bank note that underlying inflation pressures have yet to improve for the ECB to signal an end to its policy rate hikes, pushing the eventual end of ECB hiking further out.
  • They adjust their expectations for the policy path from ECB and now expect a policy peak rate of 4% (deposit rate), with hikes of 50bp in March, 50bp in May, 25bp in June and 25bp in July.

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