ICYMI - JP Morgan boosted their European Central Bank terminal rate to 3.25%, from 2.5%

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ICYMI - JP Morgan boosted their European Central Bank terminal rate to 3.25%, from 2.5%

<p>Also ICYMI, the overnight from the ECB:</p><ul class="text-align-start vertical-align-baseline"><li><a href="https://www.forexlive.com/centralbank/ecb-raises-key-rates-by-50-bps-in-december-monetary-policy-decision-as-expected-20221215/" rel="follow" target="_self" class="article-link">ECB raises key rates by 50 bps in December monetary policy decision, as expected</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-lagarde-opening-statement-a-recession-would-be-relatively-shallow-20221215/" rel="follow" target="_self" class="article-link">ECB's Lagarde opening statement: A recession would be relatively shallow</a></li><li><a href="https://www.forexlive.com/centralbank/lagarde-qa-we-should-expect-to-hike-at-50-bps-pace-for-a-period-of-time-20221215/" rel="follow" target="_self" class="article-link">Lagarde Q&A: We should expect to hike at 50 bps pace for a period of time</a></li><li><a href="https://www.forexlive.com/centralbank/ecb-sources-more-than-one-third-of-ecb-officials-wanted-to-hike-by-75-bps-20221215/" rel="follow" target="_self" class="article-link">ECB sources: More than one-third of ECB officials wanted to hike by 75 bps</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-lagarde-offered-back-to-back-50-bp-hikes-to-secure-majority-20221215/" rel="follow" target="_self" class="article-link">ECBs Lagarde offered back to back 50 bp hikes to secure majority</a></li></ul><p>JP Morgan noted the hardening hawk tone and jacked up their expected peak rate for the ECB to 3.25% from their previously expected 2.5%. </p><p>---</p><p>The ECB provides a handy TL;DR guide to the statement issued on Thursday:</p>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: ICYMI - JP Morgan boosted their European Central Bank terminal rate to 3.25%, from 2.5%

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