Oct 17, 02:36 PM
Traders Hold ECB Rate-Cut Bets Steady for December, Price 20% Chance of Half-Point Cut
Authors
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Traders are holding their bets steady on the European Central Bank (ECB) implementing a 25 basis points (bps) rate cut in December. This comes as policymakers flagged risks to economic growth and lowered borrowing costs on Thursday. Additionally, there is a 20% chance being priced in for a more substantial half-point rate cut in December. The mixed reactions among EURUSD traders highlight the uncertainty surrounding the ECB's next move.
Written with ChatGPT (GPT-4o).
