JP Morgan expects the European Central Bank to hike to 4% in September

JP Morgan expect further rate hikes from the European Central Bank. They had already been tipping a +25bp in July. Add in a +25bp in September now.

The Bank hiked on Thursday:

• Forexlive Americas FX news wrap 15 Jun: ECB raises rates by 25 basis points. Hints of more.

This article was written by Eamonn Sheridan at www.forexlive.com. Source