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  • ECB Momentum for an October Rate Cut Is Looking Unstoppable

    From bnnbloomberg.ca

    An interest-rate cut that European Central Bank officials deemed unlikely just three weeks ago now seems a near certainty when they next set borrowing costs on Oct. 17. Markedly souring business surveys, the first below-2% inflation reading in more than three years and the reassurance offered by the Federal Reserve’s own shift to easing, have all brought policymakers toward the point where a quarter-point reduction appears to need little more than a formal sign-off. The clear-cut perception of this month’s decision is such that investors are now pricing a 90% chance of it transpiring. Economists who were ... (full story)

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