ECB executive board member SIMKUS said there is nothing wrong with discussing minimum reserve requirements.

ECB policymaker SIMKUS said data show inflationary pressures are building and the bank may need further tightening. September inflation topped expectations, energy costs rose more than earlier forecasts and the labour market remains tight. He said policymakers should wait for more data — the next comparable meeting is in December — but added the October meeting cannot be ignored, so a rate move this month is possible. The ECB has already raised rates twice this year after a Middle East-driven energy shock. Markets and economists expect more tightening but disagree on the terminal level of interest rates.

ASML's CEO said the full impact of the company's equipment price increases will materialize in 2028.