ECB’s Zigman: December rate hike ‘quite likely’

The signal matters less for its certainty than for what it implies about the ECB's inflation read: a December move is being floated before the size or conditions are set, which keeps the tightening bias live into year-end. For crypto and RWA markets, euro-area rate expectations feed directly into the discount rate applied to yield-bearing tokenized assets and the relative appeal of euro-denominated returns. The open question is whether other Governing Council members echo Zigman, since a lone comment carries less weight than a broadening consensus.