Finance
Money markets once again ramp up ECB rate hike bets
LONDON (Reuters) – Euro zone money markets on Thursday brought forward bets for a European Central Bank rate hike, reflecting a shift higher in U.S. rate-rise expectations after strong inflation numbers on Wednesday.
Eonia money market futures dated to the European Central Bank’s September 2022 meeting see a 100% chance of a 10 basis point rate rise. At the start of the week, market pricing had pointed to a full 10-basis-point move by December 2022.
Money market pricing also suggests investors are pricing in a strong chance of a second rate hike by the end of next year.
(Reporting by Dhara Ranasinghe; Editing by Rachel Armstrong)
-
Business4 days ago
Mike Bahun and Fundraising University Make a Lasting Impact on Sports Programs Nationwide
-
Top Stories4 days ago
After VW plant victory, UAW sets its sights on Mercedes in Alabama
-
Investing4 days ago
Forex Market Trends to Watch Out For in 2024
-
Top Stories4 days ago
Hedge fund borrowing hits five-year peak, Goldman Sachs says