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πŸ‡ͺπŸ‡Ί ECB minutes reveal a hiking cycle it didn't want, and traders are now pricing three moves this year

πŸ‡ͺπŸ‡Ί 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.

ECB graphic with title 'Account of the most recent monetary policy meeting of the ECB Governing Council' and logo over city skyline.
ECB publishes the account of its June 10-11 monetary policy meeting on July 9. Source

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