ECB responses - Société Générale have raised their projected terminal rate to 3.75%

I posted this earlier:

• ICYMI - JP Morgan boosted their European Central Bank terminal rate to 3.25%, from 2.5%

The European Central Bank on Thursday:

• ECB raises key rates by 50 bps in December monetary policy decision, as expected
• ECB's Lagarde opening statement: A recession would be relatively shallow
• Lagarde Q&A: We should expect to hike at 50 bps pace for a period of time
• ECB sources: More than one-third of ECB officials wanted to hike by 75 bps
• ECBs Lagarde offered back to back 50 bp hikes to secure majority

Soc gen also with a higher forecast, the peak rate to 3.75%. SG's previous forecast was 3%.

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The ECB rate hike path so far: