Deutsche Bank raises its forecast on ECB rates

Deutsche Bank made another forecast for the ECB’s peak rates. Its new forecast is 3.75% instead of the previous 3.25%. The experts of Deutsche Bank expect that the European Central Bank will raise the rates by 50 basis points during the meetings in March and May of this year. The final raise will take place in June and will reach 25 bp. 

The reasons for changing the forecast thresholds are the resilience of the economy and jobs market, together with the harsh rhetoric of the central bank. 

Earlier this month, the European Central Bank already raised the rates by 50bps.