ECB likelier to hike by 50 bps than 75 in October - sources report

I'm not familiar with the source but Econostream Media has a report, citing an 'ECB insider' that says the central bank is more likely to hike 50 basis points than 75 basis points in October.

The source said that the commentary on 'frontloading' is an indication the ECB won't be as aggressive going forward.

"That's what frontloading means -- that you can't say that 75 is our new standard move" even temporarily... "It's just that this particular time we moved by 75, which doesn't mea that next time it will also be 75 bps." He also indicated that 50 bps should be the expectation now but could change depending on data and that 75 would need a "very strong case".

EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term is up 40 pips today.