Citibank Group expects the European Central Bank to raise rates by 75 basis points at the next two meetings this month and in October.
According to Arabiya Net, the group warned that uncertainty prevails in interest trends after 2022, amid the possibility of a future macroeconomic slowdown.
It should be noted that in recent days an increasing number of policy makers have called for a raise of more than half a point at the 8th September meeting knowing that deposit interest is currently at 0%.
Goldman Sachs had expected a few days ago that the European Central Bank would raise interest rates by 75 basis points at its meeting next week, after inflation in the euro area hit a new record high, at 9.1% in August on an annual basis.
The inflation reading came in higher than analysts' expectations of 9%, up from 8.9% in July.
Goldman Sachs experts also raised the peak they expect European interest rates to reach by February 2023 to 1.75%, instead of 1.5% in their previous estimates.
It is noteworthy that the European Central raised interest rates by 50 basis points last July, at a time when speculation revolves around the possibility of raising them by 75 basis points at its next meeting in September, at a time when analysts expect inflation rates to reach 10% this year.
