The sources said ECB officials expect inflation to reach 2% in the first or second quarter of next year and see a December rate cut as very likely. Officials did not discuss the option of a 50 basis point rate cut this week.
Traders put the likelihood of the ECB cutting rates by 50 basis points in December at 20%.
Traders see a 20% chance of the ECB cutting rates by 50 basis points in December.
2024-10-17 16:05:27
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