• Currently it’s a comfortable situation for the ECB
• Risks remain high, even if they haven’t materialized or worsened recently

The market is pricing in a 50% chance of a single ECB rate cut in the year ahead. The message is that the central bank is on hold with the usual tail risks around some kind of black swan.

More:

• Some governing council members believe there is still room for a rate cut in December, others believe the cycle is over
• My view is that we’re in very neutral territory

This article was written by Adam Button at investinglive.com.



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