The current estimate cuts back the central bank's terminal rate to 3.5%
PHOTO
Goldman Sachs lowered its interest rate hike estimate for the European Central Bank (ECB) to 25 basis points (bps) in May, from a prior estimate of 50 bps, the brokerage said on Friday.
The current estimate cuts back the central bank's terminal rate to 3.5%, compared to the earlier estimate of 3.75%. (Reporting by Subhadeep Chakravarty; Editing by Sonia Cheema)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
