Fed's Mester: interest rates need to rise 'somewhat above' 4%
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Goldman Sachs Expects ECB to Hike by 75bp in September
August 31, 2022 10:58 AM EDTGoldman Sachs analyst Sven Jari Stehn said the firm now expects the European Central Bank to hike rates by 75bp in September.
The comments come following inflation data out of the Eurozone, which "surprised to the upside."
"First, today's inflation data surprised further to the upside, with headline HICP climbing to 9.1% yoy and, importantly, core... More
