LONDON (Reuters) – Societe Generale hiked on Thursday its forecast for how high euro zone interest rates will go to 3.75% from 3% previously, after the European Central Bank vowed to keep raising them at a meeting earlier.
“The ECB today was commendably clear: there is no pivot even if the pace of rate hikes slows,” the bank’s analysts said in a note.
“We expect the ECB to keep hiking (interest rates) in 1H 2023, with two further 50 basis point hikes followed by three 25 bps hikes”.
(Reporting by Marc Jones; editing by Rodrigo Campos)
