{
  "id": 6753631,
  "title": "European Central Bank: Hawkish path toward December peak – Deutsche Bank",
  "url": "https://urgent.news/2026/09/11/european-central-bank-hawkish-path-toward-december-peak-deutsche-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T11:24:46.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/european-central-bank-hawkish-path-toward-december-peak-deutsche-bank-202609111124"
  },
  "original_language": "en",
  "account": "Deutsche Bank analysts, Mark Wall and colleagues, report that the European Central Bank (ECB) raised interest rates by 25 basis points to 2.50% in September. ECB President Christine Lagarde deemed this decision a \"no-brainer.\" The analysts suggest that the tone of the ECB's monetary policy remains hawkish, with core inflation expected to exceed the target rate. They anticipate another rate hike to a terminal level of 2.75% in December. Core inflation is projected to be 30 basis points above target at the forecast horizon's end, indicating that the tightening cycle has not concluded. This projection aligns with their view that the ECB is shifting from a measured to a more forceful response to inflation. President Lagarde refrained from reiterating previous statements about the market's understanding of the ECB's reaction function and stated that the Governing Council is not predicting future policy directions. This adherence to the ECB's \"data-dependent, meeting by meeting, no precommitment\" policy suggests that a rate increase to 2.75% in December remains a possibility. The risks are dual: if economic data deteriorates, the ECB may refrain from further hikes. However, if economic growth remains robust, neutral rates may rise, and elevated energy prices could sustain the pressure for higher rates.",
  "summary": "Deutsche Bank’s Mark Wall and colleagues say the European Central Bank delivered a 25bp hike to 2.50% in September, with President Lagarde describing it as a no‑brainer.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Bank of Japan: Hawkish hike prospects grow – DBS",
        "url": "https://urgent.news/2026/09/11/bank-of-japan-hawkish-hike-prospects-grow-dbs",
        "published": "2026-09-11T13:16:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}