State Street Global Advisors: ECB May Signal Openness on Thursday

According to Jin10, State Street Global Advisors analyst Konrad Kleinfeld said the European Central Bank may combine the expected rate hike on Thursday with signals that it intends to keep an open stance. For markets, the focus is not the September decision itself, but whether the 2.50% deposit rate is already seen as sufficiently restrictive or whether the central bank is still preserving policy room for December. LSEG data showed money markets have fully priced in a 25-basis-point rate hike on Thursday, which would lift the deposit rate to 2.50%.