Nordea Sees ECB Account Backing December and March Rate Hikes

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3▲2 ▼0Impact / 5
Summary · why it matters

Nordea Chief Analyst Jan von Gerich reads the European Central Bank's September monetary policy account as supporting further rate hikes, likely in December and March. The Governing Council remains focused on upside inflation risks, especially from persistent energy shocks and resilient growth. Nordea describes the central bank's communication as neutral.

Impact on assets 3

Financials▲
Nordea Bank Abp
0N4T
± MixedMonetaryrelevance

Nordea's chief analyst is the source of the ECB rate-hike read, but no company-specific financial impact is stated.

Others▲
％ECB rates
ECBRATES
▲ PositiveMonetaryrelevance

ECB account read as supporting further rate hikes in December and March, pushing policy-rate/yield expectations higher.

Others▲