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TD Securities expects ECB to deliver a final 25 bp hike in December

The bank’s Macro Research team projects the ECB deposit rate will reach 2.75% after the December move, describing it as mildly restrictive.

Reported · Written up by our desk · Central Banks

FXStreet reports that TD Securities’ Macro Research team expects the European Central Bank to keep up a measured tightening path, with a final 25 basis point hike scheduled for December.

The team also forecasts that the ECB deposit rate will be lifted to 2.75% and characterizes that level as mildly restrictive.

TD Securities maintains a bullish view on EUR/USD into year-end, saying market pricing currently implies more future tightening than it expects, and that policymakers may push back against those expectations.

Latest closeEUR/USD 1.122 ▼0.3%

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