BNP Paribas now sees ECB hiking in September as well

In case you missed it:

• ECB set for summer debate over possible September rate hike

BNP Paribas now sees the terminal rate at 4.00%, up from its previous forecast of 3.75%, and that view is also shared by UniCredit as they also lift their peak rate forecast for the ECB to 4.00% as well.

In terms of market pricing, roughly 40 bps more worth of rate hikes are currently priced in for the months ahead.