1422 GMT - European Central Bank President Christine Lagarde's policy statement was broadly balanced, Point72's Soren Radde says. She noted that wages aren't responding to the energy-price shock while financial conditions were tightening, but also acknowledged greater inflation persistence, Radde says. The dominant theme among policymakers seems to have been concern over prolonged high inflation, rather than the magnitude of price growth or a change in view on second-round effects, he says. "Accordingly, we did not get the impression of much incremental urgency," Radde says. Indeed, Lagarde steered clear of providing rate guidance. But a December hike now seems likely, with another hike in 2027--most likely in March--very possible, he adds.
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