UBS Revises ECB Call, Sees Two 25bp Hikes in June and September
UBS economists have updated their outlook for European Central Bank policy, forecasting two 25 basis point hikes that would raise the deposit rate to 2.5% - one on June 11 and a second in September. The change follows a more hawkish tone in the ECB's March staff projections, which revised inflation materially higher while trimming GDP growth only m…