|2022/10/21 / Erste Group Research|
ECB should not overburden the markets
Next week, the ECB Governing Council will meet and decide on the size of the next interest rate hike. A 75 basis point (bp) increase in all key interest rates is as good as fixed. However, there are other decisions ahead that are more difficult to assess. The Governing Council could make decisions next week on the reduction of the bond portfolio and TLTROs
In view of the persistently challenging environment, with historically high energy costs and rapidly rising interest rates, we have lowered our GDP forecast for 2023 to +0.3% (previously +1.0%). We have also revised our forecast for Austrian GDP growth downward to 0.6%.
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|Author||Erste Group Research|
|Product name||Week ahead|
|Topic in focus||Macro/ Fixed income|
|Economy in focus||Eurozone, United States|
|Currency in focus||Euro, US Dollar|
|Sector in focus||-|
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