September 12, 2024 16:02 GMT
ECB: October Cut Not Ruled Out, per BBG Sources
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With the ECB's "data-dependent and meeting-by-meeting" approach, its not surprising that the door to any meeting would be closed completely.
The key excerpt of note from the BBG sources piece is here:
- "European Central Bank Governing Council members aren’t yet in a position to rule out an interest-rate cut at their next decision on Oct. 17 even if such a move is unlikely, according to people familiar with the matter".
- "Given the downside risks to economic growth in the euro zone, officials would rather keep open the option to lower borrowing costs at that meeting, said the people who declined to be identified discussing confidential matters. "
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