ECB: Nordea expects a pause in October and a 25bp hike in December as French spreads widen
FROM THE WIRE · FXSTREET.COM
Nordea’s Jan von Gerich expects the ECB to keep rates unchanged at the October Governing Council meeting, with the next 25bp hike still likely in December. He highlights the sharp widening in French government bond spreads and tighter financing conditions, noting that higher…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralWider French bond spreads and tighter financing conditions could shape the ECB's policy tone and timing.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Nordea expects the ECB to keep rates unchanged at the October Governing Council meeting.
- 02The next 25bp hike is still likely in December.
- 03Higher French yields affect a large part of the Euro area.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets