“We shouldn’t be too hasty,” Nagel said in a panel discussion in Washington. “We should do what is necessary based on new data.”
He argued that the U.S. election, new inflation data, fresh economic projections and a slew of other indicators would guide the ECB’s decision in December.
Markets have fully priced a 25 basis point rate cut for December, the fourth move this year, but investors also see a 40% chance of a bigger, 50 basis point move, partly in response to move dovish comments this week.
Source: Economy - investing.com
