ECB's Šimkus: Policy will clearly become less restrictive from here- Cannot predict outcome of December's meeting
- Risks to economic growth are skewed to the downside
- Services inflation remains high
- But disinflation trend is on a stable track
Nothing that hasn't already been said since the policy decision last week. But as things stand, traders have fully priced in a 25 bps rate cut for December with ~118 bps of rate cuts priced until June next year. As a reminder, there will be five meeting decisions between now and then.
This article was written by Justin Low at www.forexlive.com.
Source: ECB's Šimkus: Policy will clearly become less restrictive from here (https://www.forexlive.com/centralbank/ecbs-imkus-policy-will-clearly-become-less-restrictive-from-here-20241021/)
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