Lee Sue Ann, Economist at UOB Group, believes the ECB could start its hiking cycle in 2023.

Key Quotes

“ECB President Christine Lagarde continues to play down the possibility of rate hikes this year. At this juncture, we still think that the ECB will stick to its road map, and we are still not expecting any rate increases by the ECB until next year.”

“This upcoming monetary policy meeting will be eyed, though, for updated growth and inflation forecasts.”