ECB's Makhlouf: I don't think the job is done on taming inflation

Services inflation is still slightly higher than I would preferPrudence and caution have a premium to them, we should continue in that mannerI don't feel at the moment the need to rushWe need to think like a long-distance runnerNo rush but the signs are pointing to at least a 25 bps move in December again. That being said, traders are still pricing in a ~26% probability of a 50 bps move for the time being as well. This article was written by Justin Low at www.forexlive.com.

Nov 18, 2024 - 17:15
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ECB's Makhlouf: I don't think the job is done on taming inflation
  • Services inflation is still slightly higher than I would prefer
  • Prudence and caution have a premium to them, we should continue in that manner
  • I don't feel at the moment the need to rush
  • We need to think like a long-distance runner

No rush but the signs are pointing to at least a 25 bps move in December again. That being said, traders are still pricing in a ~26% probability of a 50 bps move for the time being as well.

This article was written by Justin Low at www.forexlive.com.
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