Traders Reduce ECB Rate Cut Bets

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🇪🇺 🇪🇺 Traders now see less than 150 basis points of ECB rate reductions next year, down from 165 basis points priced earlier in the session, according to swaps tied to ECB policy meeting dates. Investors also decreased bets that the first move will come in March, attributing a 70% chance to a quarter-point cut, down from 80%
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