ING says an October ECB cut is not guaranteed ...Middle East

Market expects a 25bp rate cut from the ECB next week, driven by weak economic sentiment and inflation falling below 2%.Arguments for a cut include worsening growth and inflation outlooks, with disinflationary trends and some ECB officials showing support for a cut.But the bank says there are valid arguments against a cut and point to the lack of new hard data since September, reliance on sentiment indicators which hasn't been very reliable, and persistent services inflation.ECB's cautious stance suggests there is a risk that the bank may wait until December for more updated projections before cutting rates.Market pressure to cut is less influential during an easing cycle, making it less lik

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