Goldman Sachs now expects the ECB to hike rates by another 50 bps in May

01/03/2023 | 07:19 GMT

The firm previously saw the May decision as being a 25 bps one

Adding to that, they have also raised the peak rate forecast for the ECB to 3.75% in June as opposed to 3.50% previously. That's certainly a quick shift in the call after having seen the inflation data so far this week.

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