歐洲央行(ECB)跟隨聯儲局(FED)腳步，開始緊縮貨幣。交易者認為，歐央連續激進升息後，可能會過度緊縮，明年稍晚有望反手減息。
路透社報導，9月初歐央宣布存款利率調高0.75%。歐央採取「前置式」(front loading)的貨幣緊縮政策對抗通脤，意思是緊縮週期之初，升息幅度較大，之後會逐漸放緩。官員示意，即便歐元區面臨衰退，仍會持續升息到2023年初。
Refinitiv提供給ICAP的數據顯示，歐央9月會議過後，貨幣市場上調了預估升息幅度，預測10、12月會議，歐央均會升息70個基點(0.7%)。交易者估計，利率將在2023年觸頂、來到2.7%。
市場一邊預期歐央會更激烈升息，一邊也押注明年稍後將啟動減息。他們推測2024年2月時，利率會降至2.6%。野村(Nomura)、美國銀行(BofA)、安聯(Allianz)均估計，歐央會在2023年或2024年減息。
場外式黃金/白銀交易的風險:
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.