Konrad Kleinfeld: European Central Bank may release open-ended signals when raising interest rates on Thursday

Konrad Kleinfeld, an analyst at State Street Global Advisors, said that the European Central Bank may release an open-ended signal while raising interest rates on Thursday, and the market should pay attention to whether the 2.5% deposit facility rate is seen as tight enough and whether the ECB will reserve space for its actions in December. LSEG money market data shows that traders have fully priced a 0.25% interest rate hike on Thursday, raising the deposit rate to 2.5%.