There’s a rumour out this morning which may be part of the rally in European markets.
Bank of America said the European Central Bank may cut rates by 50 basis points on October 5.
But there were opposite comments from the ECB’s Ewald Nowotny, who said ECB interest rate cut cannot be excluded.
UPDATE 7:05 ET: And a new batch of headlines:
ECB MAY DISCUSS RATE CUT AT MEETING, NOT ON OFFICIAL AGENDA
ECB SAID TO CONSIDER RESTARTING COVERED BOND PURCHASES
ECB SAID TO DEBATE NEW 12-MONTH LOANS AT OCT. 6 POLICY MEETING
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