European Central Bank May Consider Rate Hike by Year-End: Franklin Templeton

The European Central Bank (ECB) may begin considering an interest rate hike by the end of this year. This is according to Franklin Templeton, who anticipates increased defense spending will stimulate the European economy. David Zahn, head of European fixed income at the asset manager, believes Europe will be performing well by 2026, with low inflation and strong growth. This could prompt the ECB to consider raising rates.