European Central Bank policymakers are increasingly concerned that the economic outlook has become too murky for a comprehensive policy decision to be reached in December, according to Reuters citing sources. According to the sources, policymakers agree that the PEPP should end as scheduled in March, but any decision on recalibrating the APP may need to wait. Some ECB members have reportedly advocated delaying any decision on the APP until February, or to make only a short-term commitment in December, the sources said. 

Market Reaction

The euro has not reacted to the latest comments from ECB sources. EUR/USD continues to trade in the 1.1320s.