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Money markets once again ramp up ECB rate hike bets

Published by maria gbaf

Posted on November 18, 2021

1 min read

· Last updated: January 28, 2026

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Euro Zone Markets Anticipate ECB Rate Hike Amid Inflation

LONDON (Reuters) – Euro zone money markets on Thursday brought forward bets for a European Central Bank rate hike, reflecting a shift higher in U.S. rate-rise expectations after strong inflation numbers on Wednesday.

Eonia money market futures dated to the European Central Bank’s September 2022 meeting see a 100% chance of a 10 basis point rate rise. At the start of the week, market pricing had pointed to a full 10-basis-point move by December 2022.

Money market pricing also suggests investors are pricing in a strong chance of a second rate hike by the end of next year.

(Reporting by Dhara Ranasinghe; Editing by Rachel Armstrong)

Key Takeaways

  • Euro zone money markets anticipate an ECB rate hike.
  • U.S. inflation numbers influence rate expectations.
  • Eonia futures indicate a September 2022 rate rise.
  • Investors foresee a second rate hike by end of next year.
  • Market pricing shifted significantly within the week.

Frequently Asked Questions

What is the main topic?
The article discusses the anticipation of an ECB rate hike by Euro zone money markets, influenced by recent U.S. inflation data.
Why are rate hike bets increasing?
The increase in rate hike bets is due to strong U.S. inflation numbers, which have shifted expectations for ECB policy changes.
When is the ECB rate hike expected?
The ECB rate hike is expected by September 2022, with a possibility of a second hike by the end of next year.

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