U.S. investment bank Morgan Stanley said on Monday that it expected the European Central Bank (ECB) to end its interest-rate hiking cycle in July at 3.75%.
A view of the European Central Bank headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photosaid on Monday that it expected the European Central Bank to end its interest-rate hiking cycle in July at 3.75%.
"We see the ECB ending its hiking cycle in July at 3.75%. Fiscal policy remains supportive," it wrote in a research note.
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