ECB communications are getting messy as rate cuts advance

Financial markets are priced for some 35-basis points worth of easing in December, suggesting traders are almost equally torn between a regular quarter-point or more aggressive half-point cut

The president of European Central Bank, Christine Lagarde, said: 'You will have people the whole week saying, oh, it should be 50, it should be 25'.

So far, European Central Bank officials have mostly succeeded in steering the eurozone economy towards 2% inflation with a single voice. However, as they circle in on their target, views are set to diverge.

Points of friction were already evident last week in Washington, where policymakers gathered to discuss the state of the world economy and the challenges that might arise.