📝ECB Seen Hiking Rates Four Times In 2022: BofA

The ECB is seen hiking interest rates by 25bps four times this year. Starting July, officials will hike in each policy meeting, this is a revision from a previous estimate of a hike per quarter starting December. See the ECB reaching a deposit rate of 1%, main refinancing rate of 1.25% in 2Q 23, net asset purchases to be halted before the first rate hike. - BofA Economists