Yuncaixun On February 9, Wells Fargo predicted that the European Central Bank would start to raise deposit interest rates from negative values before the end of 2022. Specifically, the deposit interest rate was raised by 25 basis points to -0.25% in June this year, and will be raised by 25 basis points to 0.00% in March next year. After March next year, the euro zone economy will grow moderately, and the core CPI inflation will slow down, but the inflation will still be higher than 2%. Therefore, we expect that the European Central Bank will continue to raise interest rates after March 2023, and the speed will be slower. It is estimated that the European Central Bank will raise the deposit interest rate by 65,438+00 basis points in June, September and June 2023 respectively, and reach 0.30% by the end of next year.