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ECB expected to hike rates three more times, strengthening EUR against USD.
Nordea economists Ole Håkon Eek-Nielsen and Jan von Gerich expect the European Central Bank to deliver three additional 25 basis point rate hikes, taking the deposit rate to 3%. The forecast implies continued tightening as inflation remains a concern for the central bank.
ECB expected to hike rates three more times, strengthening EUR against USD.