Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

Investment Event

ECB’s last hike?
15 September 2023
    Articles
    Download the full reportPDF, 1.32MB

    Key takeaways

    • The ECB increased the deposit rate by 25bps to 4.00 per cent at its September meeting
    • The ECB largely indicated that rates are likely at their peak with the focus switching to how long rates stay restrictive
    • We remain underweight European risk assets with a likely policy-induced recession on the horizon
    • High-quality fixed income is the natural asset class in this environment, but we remain cautious on European government bonds amid sticky services inflation

    Related articles

    Back to top