Economics
End of Negative ECB Rates in 2022 Is Bet for Traders, Economists
- Money markets price 50bps of interest-rate hikes this year
- Goldman Sachs, Deutsche Bank also lift rate forecasts to 0%
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Traders and economists aligned their positions on euro-area monetary policy with both groups now forecasting the European Central Bank will bring an end to seven years of negative interest in 2022.