Traders see a 20% chance of a 50 basis point rate cut by the ECB in December

Odaily News Traders expect the ECB to have a 20% chance of cutting interest rates by 50 basis points in December. It is reported that ECB officials expect inflation to reach 2% in the first or second quarter of next year, and believe that a rate cut in December is very likely. Officials did not discuss the option of a 50 basis point rate cut this week. (Jinshi)