ANZ says renewed escalation in the Middle East and its effect on energy prices mean markets should price a 25bp ECB hike in December. That would lift the deposit facility rate to 2.75%. ANZ adds the ECB may favour gradual tightening; markets currently price roughly a 90% probability of an October hike.

2026-09-11

ANZ says renewed escalation in the Middle East and its effect on energy prices mean markets should price a 25bp ECB hike in December. That would lift the deposit facility rate to 2.75%. ANZ adds the ECB may favour gradual tightening; markets currently price roughly a 90% probability of an October hike.