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Aug 30 - 12:55 PM

EUR: Updating Rates Forecasts On More Hawkish ECB Call - BofA

By eFXdata  —  Aug 30 - 10:45 AM

Bank of America Global Research upgrades its EUR rate forecasts.

"After assessing the Euro Area's energy supply shock, our economists cut GDP forecasts but raised inflation projections...and are now calling for 3 more ECB hikes to 2% Depo by mid-23. We update our yld forecasts," BofA notes. 

"We revise 2022-23 yields to the upside, expect more selloff in the very near term but a bull flattening by end of '22/in '23," BofA adds. 

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Source:
BofA Global Research

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