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Goldman Sachs expects the European Central Bank to raise rates twice in April and June
Goldman Sachs on Monday stated that it now expects the European Central Bank to raise interest rates twice in April and June, each by 25 basis points, joining peers such as JPMorgan Chase and Barclays, which previously warned of inflation risks triggered by the Middle East conflict.
Previously, Goldman Sachs had forecast that the ECB would keep interest rates unchanged throughout the year.
At the March policy meeting, the ECB maintained interest rates but indicated that it is closely monitoring the growth and inflation risks from soaring oil prices and is prepared to act if necessary.