© Reuters.
Yingwei Financial Investments – According to the survey, the European Central Bank will drastically raise the deposit rate and refinance rate again at the interest rate meeting on October 27 and is expected to raise interest rates by 75 basis points.
As in much of the world, inflation in the euro area has increased rapidly due to the surge in energy prices. The ECB has a 2% inflation target, but euro zone inflation was 10% in September, five times the target.
The survey also showed that euro zone inflation averaged 9.6% this quarter.
ANZ analyst Brian Martin believes inflation in the euro zone is too high and should raise interest rates quickly, but given bond spreads, the ECB is unlikely to raise rates by more than 75 basis points.
Markets expect eurozone GDP to grow 3% this year, but it will hold steady in 2023, before returning to growth again in 2024, the survey showed.
[ThisarticleisbyYingweiCaiqingInvestingcompersapernedipiùaccediacnInvestingcomo[QuestoarticoloèdiYingweiCaiqingInvestingcompersapernedipiùaccediacnInvestingcomoYingwei Finance App】
Recommended reading
(edited by: Chen Han)
