Societe Generale Expects Second 25bp ECB Depo Rate Hike

MacroDigital Finance
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Summary · why it matters

Societe Generale's Kenneth Broux expects a second 25 basis point increase in the ECB deposit rate, with wage dynamics and updated staff forecasts set to determine how far tightening goes. The call points to a further step in the central bank's tightening path, with the outlook clouded by energy. Broux's view hinges on wage data and the ECB's revised staff projections as the key inputs for the size and duration of the cycle.

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Societe Generale S.A.
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Societe Generale's strategist forecasts a second ECB rate hike, a macro call rather than a company-specific development.

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