ECB: Kocher Sticks To Prior Stance: At Or Very Close To End Of Cut Cycle
Oct-16 08:45
"*KOCHER: ECB IS AT END OF RATE CUTTING, OR VERY CLOSE: WIWO" Bloomberg
- Nothing new from Kocher. On Sep 14 he said: "For now, this interest rate cycle has come to its end, or very close to it"....It is "important to remain vigilant and not read too much into the current stability"…."if the data shift, if risk assessments change then a response will be required. This can go in either direction" (Interview with FT)
Note that the hawkish leaning Wunsch expressed similar views earlier today. Focus on services inflation chimes with Governing Council peer Nagel yesterday.
- "*ECB'S WUNSCH: PROBABILITY OF ANOTHER CUT HAS BEEN RECEDING" Bloomberg
- "*ECB'S WUNSCH: STILL NEED TO MONITOR SERVICES INFLATION" Bloomberg
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SONIA OPTIONS: Ratio Call Spread vs Put
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SFIZ6 97.25/97.75cs x5 vs 96.25p x1, bought the cs for 3 in 1.75k (8.75k x 1.75k).
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