According to Commerzbank economists Bernd Weidensteiner and Marco Wagner, the European Central Bank (ECB) is expected to raise its interest rates by 25 basis points next week for the last time in the current cycle. The economists also predict that the ECB will likely end its interest rate hikes for now due to the expected downward revision of the economic growth forecast in September. However, the market is still pricing in another rate hike in September.
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