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ECB Faces Stand-Off With Markets Over Rate-Hike Expectations

  • Money markets now bet on 10-basis-point rise in September
  • Officials still insist increases are very unlikely in 2022
The headquarters of the European Central Bank in Frankfurt, Germany.

The headquarters of the European Central Bank in Frankfurt, Germany.

Photographer: Andreas Arnold/Bloomberg
Updated on

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The European Central Bank is facing an intensifying stand-off with financial markets over when it will begin raising one of the world’s lowest interest rates.