Not as convinced as media reports on October cut.We can’t rule out a rate cut at the next meeting.I’m not currently worried about the ECB undershooting 2% target.We’ll only get key data in December.Not convinced that we should decide on the basis of one good inflation figure.It’s important for us to have certainty that we will not have to revise our steps later.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
