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MNI SOURCES: ECB To Avoid Clear Rate Path, Sept Cut Baked In

MNI speaks to ECB sources ahead of this week's Governing Council meeting.

MNI (LONDON) - The European Central Bank is happy with market rates pricing, and likely to retain its meeting-by-meeting approach to policy rather than spelling out a more explicit easing path after cutting the deposit rate by 25 basis points to 3.5% later this week, Eurosystem sources told MNI.

The ECB remains on course for 25-basis-point cuts coinciding with new projections once a quarter as it calibrates concerns over a slowing economy and Fed easing with persistent services inflation, sources said. 

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MNI (LONDON) - The European Central Bank is happy with market rates pricing, and likely to retain its meeting-by-meeting approach to policy rather than spelling out a more explicit easing path after cutting the deposit rate by 25 basis points to 3.5% later this week, Eurosystem sources told MNI.

The ECB remains on course for 25-basis-point cuts coinciding with new projections once a quarter as it calibrates concerns over a slowing economy and Fed easing with persistent services inflation, sources said. 

Keep reading...Show less