Reuters with this report citing five unnamed sources: Five sources close to the matter:
- said many policymakers saw a growing probability that they will need to take the rate into "restrictive territory", jargon for a level of rates that causes the economy to slow, at 2% or above.
- sources, who spoke on condition of anonymity because policy deliberations are private, said this would most likely happen if the ECB's first inflation projection for 2025, due to be published in December, is still above 2%.
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EUR/USD update, it has gapped higher in VERY early trade in Asia (GBP/USD has also):
10 minute bars (/candles)
These early gaps have a tendency to fill. But, as they say, if you want a guarantee, buy a toaster.
