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ECB: ECB-speak in the week to Oct 14, 2024 (1/2)

ECB
  • 13 ECB policymakers commented on monetary policy last week. The majority appeared to express support for a rate cut at Thursday’s decision. The three hawkish outliers were Holzmann, Kazimir and Wunsch).
  • MNI Sources suggest a follow-up 25bp cut in December is likely.
  • Vujcic does not see a good reason to contemplate larger cuts than 25bps. Villeroy and Centeno also cite the need for gradualism.

 

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  • 13 ECB policymakers commented on monetary policy last week. The majority appeared to express support for a rate cut at Thursday’s decision. The three hawkish outliers were Holzmann, Kazimir and Wunsch).
  • MNI Sources suggest a follow-up 25bp cut in December is likely.
  • Vujcic does not see a good reason to contemplate larger cuts than 25bps. Villeroy and Centeno also cite the need for gradualism.