Goldman sachs expects the ECB to raise interest rates twice this year

2022-05-08 0 By

Goldman Sachs expects the European Central Bank to raise interest rates by 25 basis points each in September and December, after ECB policymakers finally acknowledged rising inflation risks at their policy meeting on Thursday.In a note Friday, Goldman Sachs strategists expect ECB policy makers to decide in March to end their asset-purchase program by June and raise deposit rates by 25 basis points in September and December.”After the unexpectedly sharp upside in inflation and yesterday’s hawkish policy shift, we now see the ECB exit timing coming much earlier,” the Goldman sachs team of economists said in a note, revising up their inflation forecasts.