October 21, 2024 at 12:17PM
December meeting is wide open
Will be in a strong position to ease further if accelerated pace of disinflation continues
Increasingly confident that disinflation path is on solid footing
But still need more evidence, especially on services inflation
Well, unless the economy miraculously bounces back in the final quarter of the year, it will be tough for the ECB to fight the narrative of another rate cut. As things stand, traders have fully priced in a 25 bps move for December.
This article was written by Justin Low at www.forexlive.com.
ECB’s Kažimír says all options are on the table for December meeting