ECB sources report: Policymakers see a December rate hike followed by a pause
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Reuters ECB sources: Policymakers see a hike in December followed by a pause New staff estimates show higher bond yields cutting growth by cumulative 100 bps, inflation by 90 bps in 2027-28 versus baseline That's a rough bite out of growth, especially if Lagarde is right and a po
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4 itemsLagarde’s comments point to a December ECB rate hike
The desk believes that the ECB's decision to maintain current interest rates, while signaling a potential hike in December, reflects an ongoing determination to combat inflation despite increasing growth risks. Per the full note, ECB President Christine Lagarde's commentary highlighted upside risks to inflation and downside risks to growth, suggesting the central bank's inflation-fighting stance remains intact amid stagflation concerns. The latest economic indicators still show resilience in the eurozone economy, which could support the possibility of a rate increase. As we look ahead, no high-impact events are scheduled for this jurisdiction over the next month, but market positioning around the potential December hike will be crucial.
Lagarde’s comments point to a December ECB rate hike
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