Reuters note the drop in ECB hike expectations in money markets

The chances of an ECB hike in Dec have fallen to 35% from 50% yesterday following the inflation data.

Unless something drastically improves in the Eurozone, a hike in Dec is a long shot anyway as it's very doubtful they'll even have stopped QE by then. What we also have to remember is that it's very likely that the deposit rate will be the first rate to move, as it's in the negative, and the ECB will probably ease that back up before the main rate as QE comes to and end.