US Market: J.P. Morgan, BNP Paribas expect ECB rate hike in December as inflation risks persist

J.P. Morgan and BNP Paribas now expect the European Central Bank to deliver another 25-basis-point rate hike in December, reversing their earlier calls for the tightening cycle to end without a December increase. Persistent inflation risks, elevated energy prices and resilient economic growth are driving the shift, while markets are already pricing in a near-certain 25-basis-point hike at the ECB’s September meeting.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.