BNP Paribas expects the European Central Bank to raise interest rates again by the end of the year.

1. BNP Paribas has released its latest forecast, predicting that the European Central Bank will raise interest rates by another 25 basis points at its policy meeting in December 2026, further tightening monetary policy to address persistent inflationary pressures. 2. The bank pointed out that although economic growth in the eurozone has slowed, high energy prices and geopolitical uncertainties continue to drive inflation risks, prompting the European Central Bank to maintain a tightening stance. Previously, the European Central Bank had raised rates multiple times, and the deposit rate has now climbed above 2.5%.