Oliver Mangan: ECB may stop raising interest rates by the end of next year

Significant rate hikes are nailed on for the coming quarter.

Financial markets remain very volatile as they are buffeted by the twin forces of slowing global activity and a continued rise in inflationary pressures. Large intraday moves in both equity and bond markets are the order of the day, amid considerable uncertainty about the economic outlook, as well as the extent of monetary tightening by central banks.

Significant rate hikes are nailed on for the coming quarter, with both the European Central Bank and the US Federal Reserve likely to increase rates by at least 75 basis points, or 0.75%, and by 125 basis points, or 1.25%, respectively, by September.