ECB Is Through a Third of Its Rate Hikes, Market Bets Show
- Markets briefly bet on less than 100 basis points of hikes
- That’s around half of the tightening priced in last month
The European Central Bank headquarters in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Less than a month after delivering its first interest-rate hike in over a decade, traders are betting the European Central Bank is already a third of the way through its tightening cycle.
Money markets show the central bank will raise rates by an additional 100 basis points, or 1 percentage point. That’s roughly half of what was expected in late July.