According to analysts at Nordea Markets, the ECB will ease policy again next year, as the October monetary policy calculation suggests that board members need time to decide what to do next.

the main points:
“We expect another policy package in March next year, consisting of a 10 basis point cut in the deposit rate and an additional 20 billion euros a month from implementation. Since the last meeting, GDP growth and core inflation figures have been slightly stronger than expected, but PMI is still at very low levels. The final round of PMI ahead of the next ECB meeting will come tomorrow. ”