- Slowing inflation means extra causes to justify October price minimize in my opinion
- Current weakening in development outlook additionally suggestions the dimensions within the course of October
- However ought to carefully monitor knowledge and carry out complete evaluation earlier than deciding
That is the primary signal that any ECB policymaker is explicitly making a name for October. It reveals how central banks have a pension for giving in to markets at occasions. And likewise how rapidly the narrative can shift from one assembly to a different. 10-year German bond yields are actually down 6 bps to 2.07% – its lowest since January.
This text was written by Justin Low at www.forexlive.com.
