ECB Officials expect more tightening with October in play.
- Officials at the European Central Bank anticipate to boost interest rates further, with another hike probable as early as next month, according to sources.
- While policymakers' opinions will continue to be influenced by incoming economic data, stronger monetary policy may be required to keep inflation from rising above 3%, according to persons who asked not to be identified while discussing private conversations.
- Market expectations for three more hikes, however, may be overly optimistic, the individuals said, adding that December may be a more opportune time to raise borrowing costs, as that meeting will be accompanied by new predictions going into 2029.