One Investor Bets on Doomsday Scene Needing Monster ECB Cut
- Trader hoards options targeting ECB slashing key rate to -1%
- Interest rate cuts may be in order if economic crisis deepens
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
The European Central Bank put the onus on banks to fund the pandemic-hit economy’s recovery when it loosened loan conditions last week, but investors may be beginning to bet that won’t be enough.