Euro: Markets test ECB reaction function – Rabobank

Euro: Markets test ECB reaction function – Rabobank

Source: EODHD - https://www.fxstreet.com/news/euro-markets-test-ecb-reaction-function-rabobank-202609161300
Published: Sep 16, 2026 9:00 AM

Rabobank’s Senior Macro Strategist Bas van Geffen notes that EUR money markets now discount more than four additional European Central Bank (ECB) rate hikes beyond the two already delivered, as investors push expectations ahead of policymakers.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.