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European Central Bank’s survey of professional forecasters showed reduced expectations for growth in 2022 (to 2.8% from 2.9%) and 2023 (to 1.5% from 2.3%).
JPMorgan expects that the ECB will only raise rates by 50 bps before the end of the year, this is down from the previous forecast for 75-bps worth of rate hikes.
ECB raised key rates by 75 bps in its July monetary policy decision following a 50bps rate hike in July, and matching expectations from most analysts.
[See the full post at: ECB Raises Key Rates 75 bps as Expected with Inflation Revised Higher and Growth Lower]
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