ECB's Vujcic: My baseline is for no more rate hikes and data dependent decisions

<p>The euro is down 14 pipis today to 1.0832 but bond yields throughout Europe are much lower today.</p><p>The main comments today came from the ECB's Schnabel who <a href="https://www.forexlive.com/centralbank/ecbs-schnabel-further-rate-hikes-rather-unlikely-after-latest-inflation-data-20231205/" target="_blank" rel="follow">said </a>that rate hikes are 'quite unlikely' after a 'remarkable' fall in inflation.</p><p>"When the facts change, I change my mind. What do you do, sir?" Schnabel
said in an interview. "The most recent inflation number has made a further rate
increase rather unlikely."</p><p>The market is now pricing in 142 bps in cuts in the year ahead, up from 130 previously.</p>

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