Goldman Sachs stated on Monday that it now expects the European Central Bank to implement two interest rate increases, each by 25 basis points, in April and June. This adjustment aligns the firm with peers such as JPMorgan and Barclays, following the ECB's warning about inflation risks stemming from the Middle East conflict. Previously, Goldman Sachs had forecast that the ECB would keep interest rates unchanged throughout the year. During its March policy meeting, the ECB held rates steady but emphasized it is closely monitoring growth and inflation risks arising from surging oil prices, and stands ready to act if necessary.
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Goldman Sachs Projects Two ECB Rate Hikes in April and June
Deep News03-23 15:30
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