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ECB Watch: Limited need for new decisions
After ten consecutive hikes the decision to leave rates unchanged next week should be fairly easy. The focus will likely be on what to do about the Eurosystem bond portfolio and reserve requirements, while rates will be debated again in December. After the ECB signalled at the September meeting that rates have likely peaked, while recent inflation data have actually surprised to the downside, the decision to leave rates unchanged at the 26 October meeting looks straightforward. While several Governing Council members have kept the door open for an additional hike, the next probable timing for debating the need to ... (full story)