Eurozone money markets appear to have fully priced-in a European Central Bank (ECB) rate hike by July 2019, following the latest ECB-speaks that indicated that the monetary policy normalization is well on track.
Key Points:
Money markets almost fully pricing in a rate hike by July 2019.
According to ECBWATCH, Eurozone money markets price in 70 percent chance of a rate hike in June 2019, up from 50 pct earlier this week.
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