ECB meeting – another hike in December
At today's press conference, the ECB significantly raised its inflation forecasts.
Dr. Jörg Krämer
Commerzbank Economic Research
09/11/2026
In addition, it has indicated for the first time that inflation will remain above the 2% target for an “extended period.” In light of this hawkish tone, we are revising our forecast for December and now expect another 25-basis-point rate hike.
At first glance, Lagarde is keeping all options open...
At first glance, the ECB is keeping all options open regarding future interest rate policy. According to ECB President Christine Lagarde, the Governing Council has not at all discussed the future interest rate path. Uncertainty is very high, and the ECB is not pre-committing to anything in advance.
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