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Traders’ bets on ECB rate hikes remain unchanged, still expecting 48 basis points of hikes by the end of the year

金色财经_
Golden Finance reports that the European Central Bank kept its interest rate unchanged at 2.25%, in line with market expectations, and traders’ bets on a rate hike in September remained unchanged. After the decision was released, government bond moves in the euro area were modest; Germany’s 2-year government bond yield rose by 2 basis points to 2.86%. Swap contracts show the market expects the ECB to raise rates by 24 basis points in September, and that the likelihood of another 25 basis points of hikes before year-end is also nearly 100%. The euro against the US dollar continued the earlier decline, down 0.2% to $1.1392. (Jin 10)
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