Economists predict that the European Central Bank will raise interest rates for the last time in December after suspending interest rate hikes next week. This viewpoint differs from the market's bet that there will be more interest rate hikes in the future. In a survey conducted by institutions, the vast majority of respondents believe that at the last meeting in 2026, the European Central Bank will raise deposit rates by 25 basis points to 2.75% and maintain that level until May 2028. In contrast, traders expect three more interest rate hikes in the next year. Economist Bas van Geffen from Rabobank said, "There is still no sign that energy inflation is spreading to a wider range of wage and price setting areas. The European Central Bank does not need to accelerate the pace of interest rate hikes and can wait until December to take action