Citing seven sources, Reuters reported on Thursday that the “European Central Bank’s (ECB) October rate decision is seen as wide open.”

Additional takeaways

ECB doves to fight for October rate cut after weak data.

Push for October rate cut likely to face resistance from ECB hawks arguing for pause.

Some sources raised a compromise solution in which rates are kept on hold in October but a strong hint is given about a likely December cut if data doesn't improve. But this would contradict the ECB's "meeting by meeting" approach.