The raft of comments by ECB policymakers this week suggests that further rate hikes are on the horizon, but that the pace of tightening will slow soon. And with officials stressing how difficult it is to gauge the appropriate terminal level of rates, inflation prints remain the key thing to watch to gauge how high rates may go. Next week, we expect to learn that euro-zone retail sales rose in September, while German industrial production slumped once again.
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