© Reuters. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren/File Photo
(Reuters) – Citigroup (NYSE:) expects the European Central Bank to hike rates by 50 basis points each in March and May to push its policy rates to about 4% by July.
Economists led by Arnaud Marès said this course of action by the ECB will more likely result in overtightening of rates to tame record high inflation.
by : Reuters
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