Eurozone money markets see ECB hiking rates by July 2019

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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