ECB officials expect 25 bps hike in December, may pause after
- —Deposit rate seen rising to 2.75% from 2.50% on December 17
- —December hike called "almost a done deal" absent energy slump
- —No decision made yet; outlook hinges on Middle East developments
- —ECB left rates unchanged on Thursday
Why it matters: Tighter ECB policy adds pressure on risk assets including crypto and supports the euro.
Source: PANews