Economic news
ECB to cut deposit rate by summer-Citigroup
2023.03.07 02:57
ECB to cut deposit rate by summer-Citigroup
By Kristina Sobol
Budrigannews.com – (NYSE) Citigroup anticipates that the European Central Bank will raise interest rates by 50 basis points in March and May to approximately 4% by July.
According to economists led by Arnaud Marès, this ECB strategy is more likely to result in excessive rate increases to contain record-high inflation.
