πͺπΊ ECB minutes reveal a hiking cycle it didn't want, and traders are now pricing three moves this year
The day in view
πͺπΊ ECB minutes reveal a hiking cycle it didn't want, and traders are now pricing three moves this year
ECB accounts from the June meeting show traders pricing an 84% chance of a third rate hike this year, even as German export strength masks weak domestic demand and peripheral bond costs stay calm.