Morgan Stanley and two other investment banks have revised their forecasts for the European Central Bank's terminal rate - the level at which its key interest rate will peak - to 4% as inflationary pressures weigh.
The revisions also come on the heels of remarks by ECB governing council member and Belgian national bank governoron Friday that the ECB could consider raising its key interest rate to as high as 4% if underlying inflation remains persistently high.
BNP Paribas and Barclays joined Morgan Stanley in the upward revisions. Morgan Stanley and BNP Paribas had previously seen the terminal rate at 3.25%. Barclays on Feb.17 had raised its forecast to 3.5%.Barclays said in a note to clients that it expects 50 basis point rate increases in March and May, and 25 basis point rises in June and July.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
ECB: Now expect the terminal rate at 4% – Morgan StanleyIn the latest research note, analysts at the US banking giant, Morgan Stanely, revised up their forecasts for the European Central Bank's (ECB) so-cal
Leer más »
Morgan Stanley forecasts key ECB rate to peak at 4%Wall Street bank Morgan Stanley on Friday raised its forecast for the European Central Bank's (ECB) so-called terminal rate - the level to which it believes the ECB's key interest rate will rise - to 4% as inflationary pressures weigh on the euro zone.
Leer más »
Putin’s Secret Weapon on Energy: an Ex-Morgan Stanley BankerLong surrounded by former spies and business associates, Russian President Vladimir Putin is increasingly relying on young, Western-savvy technocrats to help navigate around sanctions
Leer más »
These are Morgan Stanley's favorite Latin American stocksThe iShares Latin America 40 ETF (ILF) is up more than 4% in 2023, outpacing the S&P 500.
Leer más »
Morgan Stanley sees Apple rallying more than 20%, says investors should look past near-term headwindsAnalyst Erik Woodring reiterated Apple as his top pick. He also increased the price target by $5 to $180, which implies an upside of 23.4%.
Leer más »
ECB's top three shareholders chart different paths for ratesThe European Central Bank's top three shareholders charted different paths for interest rates on Wednesday, in a preview of the difficult debate awaiting the ECB in the coming weeks.
Leer más »