ECB's Lane backs a December hike; France and rates in focus
ECB chief economist Philip Lane said a December hike looks prudent as things stand, while urging France to fix its fiscal problems.
What we know
Market news accounts quote ECB's Lane as saying it is prudent to hike in December as things stand, though oil prices can move a lot before the meeting. He also said French fiscal problems need to be fixed in Paris. A 10-year US Treasury auction reportedly needed a price concession, per the WSJ.
How the story developed
ECB chief economist Philip Lane said a December hike looks prudent as things stand, while urging France to fix its fiscal problems.
A 10-year Treasury auction reportedly needed a price concession, Norway's inflation came in slightly below forecasts, and Canada hopes for tariff progress after the US midterms.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.