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Traders Bet Big on ECB Cutting Rate to 2.5% in 2024
Posted
December 6, 2023
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3:09Now PlayingMarkets are fully pricing six quarter-point rate cuts by the European Central Bank in 2024, a move that would take the key rate down to 2.5%, with an almost 90% chance of the easing cycle starting in the first quarter of next year. Sabrina Khanniche, senior economist at Pictet Asset Management, says, “peak tightening has been reached” by the ECB.
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