Free Trial

MNI SOURCES: ECB To Keep Meeting-By-Meeting Even After Oct Cut

MNI speaks to ECB sources about its upcoming meetings.

MNI (LONDON) - The European Central Bank will maintain its meeting-by-meeting approach and keep its options open for December even if it makes a widely-expected interest rate cut this month, Eurosystem sources told MNI.

“December's decision will be independent of anything we do in October,” one source said, with several officials arguing that a 25-basis-point cut at next week’s Governing Council meeting should not lead markets to expect a change in the ECB’s overall approach.

Keep reading...Show less
510 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (LONDON) - The European Central Bank will maintain its meeting-by-meeting approach and keep its options open for December even if it makes a widely-expected interest rate cut this month, Eurosystem sources told MNI.

“December's decision will be independent of anything we do in October,” one source said, with several officials arguing that a 25-basis-point cut at next week’s Governing Council meeting should not lead markets to expect a change in the ECB’s overall approach.

Keep reading...Show less