Futures Markets Fully Priced for 25 bps ECB Rate Cut
On Oct. 17, LSEG data showed that money markets were ready for a 25 basis point rate cut from the European Central Bank, which the market sees as 100 percent likely.Michael Brown, senior research strategist at Pepperstone, said the current backdrop is one of a faster-than-expected slowdown in inflation and a rapid loss of economic momentum. He wrote in a report, “Accompanying the rate cut is likely to be the now-familiar repetitive wording that policy will follow a ‘meeting-by-meeting’ and ‘data-dependent’ approach, with the MC not making any pre-set pre-commitment to a future interest rate path.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Definitive Launches Cross-Chain Trading Functionality
Probability of a Fed Rate Cut in September Drops to 71.5%
Analyst: Bitcoin Bull Market Index Shifts from "Bullish Cooling" to "Neutral"
Trending news
MoreCrypto prices
More








