[Nomura: ECB to Hike Rates Three More Times This Cycle, Euro to Be Supported] Nomura economists stated that the European Central Bank (ECB) will raise interest rates three more times during this cycle. They believe the ECB's hawkish stance will boost the EUR/GBP exchange rate in the coming months. After the ECB raised rates by 25 basis points as expected on Thursday, Nomura's Andrzej Szczepaniak, George Buckley, Josie Anderson, and David Seif wrote: The new baseline forecast released by ECB officials, led by President Christine Lagarde, is 'more hawkish than we anticipated.' 'We believe the ECB's hawkish forecast is justified and will result in tighter monetary policy than we previously expected.' Nomura economists now predict that the ECB will raise rates again in September, December, and next March, bringing the deposit rate to 3%. (Sina Finance)