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Non-monpol meeting today

ECB
  • Just a reminder that today the ECB will hold its non-monetary policy meeting today. As our Policy Team pointed out, this meeting could see potential changes to limit excessive profits from commercial banks from raising the deposit rate - including discussions on the possible introduction of tiered remuneration on reserves (full story from 20 September here).
  • Non-monetary policy meetings very rarely are accompanied by any statements, with the ECB usually waiting until the monetary policy meeting to make a statement on anything that was noteworthy and discussed.
  • There is of course the potential for headlines - particularly sources headlines - through the morning and following the meeting (there is no confirmed start or end time from the meeting).
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