ECB: Now expect the terminal rate at 4% – Morgan Stanley

In the latest research note, analysts at the US banking giant, Morgan Stanely, revised up their forecasts for the European Central Bank's (ECB) so-called "terminal" rate to 4.0% by the end of this year.

"Following material revisions to our inflation forecast, we now expect the ECB's terminal rate at 4%," Morgan Stanley said.

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