December meeting is wide openWill be in a strong position to ease further if accelerated pace of disinflation continuesIncreasingly confident that disinflation path is on solid footingBut still need more evidence, especially on services inflation
Well, unless the economy miraculously bounces back in the final quarter of the year, it will be tough for the ECB to fight the narrative of another rate cut. As things stand, traders have fully priced in a 25 bps move for December.
This article was written by Justin Low at www.forexlive.com.
