- Believes in cautious and prudent method, coverage is working as it’s
- It could be “going a bit far” to say {that a} charge lower in December is “within the bag”
- We’re going assembly by assembly
- Let’s examine what the info tells us however cheap to imagine we’re on a downwards trajectory on charges
Once more, it reinforces the notion that it’s protected to suppose that the ECB will lower charges once more in December, barring any main surprises. As for the magnitude of the transfer, they may be leaning extra in direction of a 25 bps one in the meanwhile not less than.
This text was written by Justin Low at www.forexlive.com.
