J.P. Morgan and BNP Paribas now expect the European Central Bank to deliver another 25-basis-point rate hike in December, reversing their earlier calls for the tightening cycle to end without a December increase. Persistent inflation risks, elevated energy prices and resilient economic growth are driving the shift, while markets are already pricing in a near-certain 25-basis-point hike at the ECBs September meeting.

J.P. Morgan and BNP Paribas now expect the European Central Bank to deliver another 25-basis-point rate hike in December, reversing their earlier calls for the tightening cycle to…

The ECB plans a second 2026 rate hike, raising its deposit rate to 2.50% as eurozone inflation hits 3.0% amid surging energy prices and