Most analysts expect a 25 basis point increase in interest rates in December

Analysts expect the ECB to raise interest rates by 25 basis points in December, reaching 2.75%. They anticipate a reduction in rates in early 2028. The ECB's survey included 69 analysts and was conducted before the October monetary policy meeting. ECB President Christine Lagarde hinted at a potential rate increase in December. Inflation is projected at 3.9% for Q4 2023, decreasing to 3% by Q2 2024.