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Economy 6 hours ago (Mar 07, 2023 01:40AM ET)
© Reuters. FILE PHOTO: The Citigroup Inc (Citi) logo is viewed on the SIBOS banking and financial convention in Toronto, Ontario, Canada October 19, 2017. List taken October 19, 2017. REUTERS/Chris Helgren/File Photo
(Reuters) – Citigroup (NYSE:C) expects the European Central Bank to hike charges by 50 basis aspects every in March and May perchance possibly well simply to push its policy charges to about 4% by July.
Economists led by Arnaud Marès said this direction of motion by the ECB will more likely result in overtightening of charges to tame file high inflation.
Citigroup expects ECB to capture deposit fee to 4% by July this year
