• No need to change rates with inflation at target
• Data suggests inflation and GDP risks are fairly balanced
• I feel December rate decision won’t be difficult

This has been the core ECB message for a long time now. The central bank is not expected to cut at all for years, on the contrary, the market is pricing some tightening in 2026 following the hawkish comments from ECB’s Schnabel recently.

This article was written by Giuseppe Dellamotta at investinglive.com.



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