ECB Traders Raise Rate Bets, See Half-Point Hike by October
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A day after pricing in a 50 basis-point rate hike by the European Central Bank by the end of the year, traders are now betting that the move will happen by October itself.
It’s an illustration of the unprecedented pressure facing European policymakers as they try to get a grip on soaring inflation and a euro that fell to its lowest level against the dollar since 2017 last month.