Money Markets Bet on ECB Hikes as Banking Crisis Fades From View
- Focus has returned to the risks of stubborn inflation: BI
- Survey shows economists see three more quarter-point hikes
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It’s been one month since the demise of Credit Suisse Group AG, and the supposedly game-changing event barely registers as a blip for Europe’s money market traders.
They are more convinced than they were before the crisis — not less — that the European Central Bank will keep raising interest rates to tackle inflation.