ECB's DeGuindos: Latest date points to deceleration in Q3 and probably Q4

<ul><li>Latest data from July and Aug point towards economic deceleration in Q3 and probably in Q4</li><li>We need to keep working to get inflation back to the 2% target</li><li>September decision is still up for debate</li><li>Data in the next days is key to the ECB decision</li><li>We are at the finishing stretch of rate hiking process</li></ul><p>The market has shifted to pricing in a 73% chance of the ECB holding from about 50/50 at the start of the week. That's fallen from about 60% before the <a href="https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230831~c25314a3fc.en.html" target="_blank" rel="nofollow">comments </a>from Schnabel earlier.</p>

This article was written by Adam Button at www.forexlive.com.