ECB Raises Rates 25 Basis Points, Nomura Forecasts Three More Hikes Through March 2027

According to Nomura economists, the European Central Bank raised rates 25 basis points this week and is expected to hike three more times by March 2027, bringing the deposit rate to 3%. The forecasts follow the ECB's newly released baseline projections, which Nomura described as more hawkish than previously anticipated.
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