According to a person with knowledge of the matter, the European Central Bank or ECB, sees inflation for 2024 to remain above the 3% level, writes Francesco Canepa for Reuters. Europe’s Central Bank expects inflation “in the 20-nation eurozone to remain above 3%,” making the case for an interest rate boost on Thursday, added Reuters. Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS).
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