Moderately Higher Interest Rates Could Benefit European Banks
Dow Jones09-30 18:45
1045 GMT - Higher eurozone interest rates could be beneficial for European banks, UBS Investment Bank analysts say in a note. The European Central Bank is projected to raise interest rates further over the coming months due to inflation concerns given high oil prices and supply chain disruptions, they say. Markets fully price in three more ECB rate rises by mid-2027, in addition to the two rate hikes delivered this year, LSEG data show. "We do expect slightly higher euro rates and for bank hedges to benefit from better-than-budgeted swap rates."
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