European Banks Brace for Testing Times After Peak in Interest Rates

European banks head into 2024 with alerts that rates of interest may need peaked after a interval of hikes, a shift that appears set to check whether or not lenders can preserve their revenue engine operating as soon as central banks are executed with charge will increase.

Bank executives say the business is more likely to present resilience within the face of a pivot by central banks in developed economies to doubtlessly chopping charges after elevating them at a quick clip to tame inflation, although analysts count on final 12 months’s massive earnings enhance will lose steam in 2024.