By Walter Grand in Economy —

JP Morgan expects the ECB to raise the rate by 50 bps by the end of the year - the company

JP Morgan expects the ECB to raise the rate by 50 bps by the end of the year - the company
Photo by Matthew Foulds / Unsplash

Earlier in JP Morgan the ECB was expected to increase by 75 bps.

JP Morgan lowered its economic forecasts for the euro zone: it sees a moderate recession due to GDP contraction in Q4 2022 and Q1 2023.