ecbnews

🇪🇺 Markets are confident that the ECB will raise its Main Refinancing Rate to 2.65% tomorrow.

EUR traders will look past the headline for clues on December’s meeting.

In June, Lagarde said the ECB was not seeing second-round inflation effects, while staff projections showed inflation returning to the 2% target in 2028.

A hawkish shift in either could jolt the rate path.
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