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2026-11-02 08:34:29
[CITIC Securities: ECB May Raise Rates by Another 25 Basis Points in December, with Limited Spillover Risk from French Bond Sell-off] (1) CITIC Securities research report states that the ECB maintained its policy rate unchanged as expected in October, with a more moderate wording than the previous decision, and did not specifically mention the volatility in the French bond market. (2) CITIC Securities predicts that the ECB may raise interest rates by another 25 basis points in December this year; Lagarde stated at the meeting that financial conditions in the Eurozone have tightened since the last decision, her views on the economic outlook have not changed significantly, and announced that she will step down as ECB president early in February next year. (3) CITIC Securities believes that the French bond sell-off is more like a local market event with relatively small spillover risks.
