Euro zone money markets accelerate rate cut bets on poor PMI

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Euro zone money markets accelerate rate cut bets on poor PMI
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Euro zone money markets on Monday showed investors have brought forward expectat...

FILE PHOTO: Sign of the European Central Bank is seen ahead of a news conference on the outcome of the Governing Council meeting, outside the ECB headquarters in Frankfurt, Germany, March 7, 2019. REUTERS/Kai Pfaffenbach/File Photo

Eonia money market futures dated to the ECB’s March 2020 meeting show 10 bps worth of rate cuts are now priced in, up from around 8.8 bps earlier on Monday ECBWATCH.

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