Goldman Sachs raise its estimate for ECB interest rate hikes for the 2nd time in 2 weeks

<p>Goldman Sachs had expected the European Central Bank to raise its rate by 25 bp in May, but has revised this to +50bp in a research note. </p><ul><li>now forecast peak by the European Central Bank to 3.75% by June (was at 3.5%)</li></ul><p>GS citing </p><ul><li>higher than expected Spanish and French inflation numbers</li><li>remarks from ECB chief economist Lane t<a href="https://ift.tt/yoRMz0p" target="_blank" rel="follow">his week</a> to the effect that rates will be held higher for longer</li></ul><p>-</p><p>European Central Bank policy meetings ahead:</p> This article was written by Eamonn Sheridan at www.forexlive.com.

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