J.P. Morgan sees ECB hiking rates in April, July on rising inflation risks

J.P. Morgan on Friday said it ​expects the European ‌Central Bank (ECB) to deliver two rate hikes in ​April and July, ​in sharp contrast to ⁠its previous forecast ​of steady rates through ​2026, as policymakers signaled at rate hike discussions due ​to rising inflation ​risks. The sudden shift comes after ‌the ECB ⁠kept its key interest rate at 2% on Thursday, but ​policymakers ​expect ⁠to discuss hikes in the coming ​months as the ​Iran ⁠war threatens to push up inflation in ⁠the ​euro zone.