ECB policymakers expect a December hike to take the deposit rate to 2.75%, then a pause, with three sources telling Reuters the move is almost certain unless energy prices fall sharply. They see highe

What happened: The ECB kept interest rates unchanged at its latest meeting, while President Christine Lagarde signalled a possible rate increase in December. Key numbers: Three policymakers told Reuters a hike at the December 17 meeting was almost certain, which would take the deposit facility rate to 2.75%. Why it matters: Policymakers expect the ECB to pause its tightening cycle after December, as rising bond yields are likely to dampen economic activity and price pressures.

The ECB kept interest rates unchanged at its latest meeting, while President Christine Lagarde signalled a possible rate increase in December.

Policymakers expect the ECB to pause its tightening cycle after December, as rising bond yields are likely to dampen economic activity and price pressures.