ECB rate hike odds rise to 38% as talk of a hawkish push continues

  • There's a pushback from the hawks

Will the ECB get to 4.00%?

The Sept 14 meeting is the highlight of next week's economic calendar and all week we've been getting a pushback from the hawks. It started with Knot on Monday and followed up by Kazimir on Wednesday.

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Pricing for a cut hasn't changed much today, with it rising to 38% from 36% earlier.

Justin wrote on the ECB dilemma earlier and that's worth a read.

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