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January 17, 2019
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JPMorgan Pushes Back Forecast for ECB Rate Hike on Slower Growth
Thu, 10 Jan 2019 08:37:17 -0500

The economists pushed back their forecast for the first increase to December from September and lowered their “underlying” growth prediction for this year to 1.5 percent from 2 percent, according to a note on Thursday. JPMorgan is the latest bank to predict a delayed start of rate hikes with some economists expecting that the lift-off won't begin until early 2020. The ECB has stopped expanding its 2.6 trillion euro ($3 trillion) asset-purchase program this year and expects to keep rates at current record lows through the summer. read the full story...

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