ECB’s Lane: Gradualism is not a universal principle, some times require stronger response

• Flexible meeting by meeting approach assures that we remain responsive
• Gradualism is not a universal principle, some circumstances require a stronger response
• It is essential that we are agile in respond to risks that might crystallize
• We must remain open-minded about the speed and scale of rate moves

The market is 50/50 on whether we will get 50 bps on Dec 12 but this sound like someone who is putting that on the table.

This article was written by Adam Button at www.forexlive.com.