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VIEW: TD Securities: Hiking Through the Summer

ECB

TD Securities write “we have materially upgraded our euro area inflation forecasts. Jointly, and in light of recent comments from the ECB's Governing Council, we have upgraded our expectations of the ECB's terminal policy rate. We now look for the deposit rate to rise to 4.00% by September, and be held there until mid-2024.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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