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ECB: ECB-speak Wrap-up: Post September Meeting Commentary

ECB
  • Several GC speakers re-stated the ECB's "data-dependent and meeting-by-meeting approach" following the September decision, where the deposit rate was cut to 3.50%.
  • Sources from Bloomberg and Reuters noted an October cut was unlikely unless there was a major deterioration in growth prospects, a notion supported by Latvian CB Governor Kazaks.
  • The hawkish Holzmann expressed an openness to cut rates once more this year, likely in December.

 

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  • Several GC speakers re-stated the ECB's "data-dependent and meeting-by-meeting approach" following the September decision, where the deposit rate was cut to 3.50%.
  • Sources from Bloomberg and Reuters noted an October cut was unlikely unless there was a major deterioration in growth prospects, a notion supported by Latvian CB Governor Kazaks.
  • The hawkish Holzmann expressed an openness to cut rates once more this year, likely in December.