Banks are eagerly waiting for interest rates to rise

Only a few more weeks before landing. More than ten years after the last hike in its key rates, the European Central Bank (ECB) confirmed on Thursday its intention to raise its rates in July. This is good news for the banking sector, which greedily sees the end of the era of zero or even negative interest rates approaching.

“A world with slightly more normal interest rates is obviously better for the banks in the long term”, underlined Frédéric Oudéa, the director general of Societe Generale, at an investor conference on Wednesday. by Goldman Sachs.

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