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Deutsche Bank pulls ECB rate cut forecast for 2025, eyes hike as next move

Summary
Deutsche Bank on Tuesday became the latest brokerage to withdraw its forecast for further interest rate cuts by the European Central Bank, while betting the next policy move to be a hike at the end of 2026 following a tariff deal between the U.S. and EU. Last week, Goldman Sachs and BNP Paribas scrapped their forecasts for rate cuts this year. HSBC reiterated that the central bank is done cutting rates.

7 Articles

The trade agreement between the EU and the US will dampen growth, but it also reduces uncertainty, and the main scenario is now that the ECB has cut rates for this cycle.

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Market Screener broke the news in on Tuesday, July 29, 2025.
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