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BNP Paribas now sees the terminal rate at 4.00%, up from its previous forecast of 3.75%, and that view is also shared by UniCredit as they also lift their peak rate forecast for the ECB to 4.00% as well.
In terms of market pricing, roughly 40 bps more worth of rate hikes are currently priced in for the months ahead.
This article was originally published by Forexlive.com. Read the original article here.