Investors put on Wednesday a 70% chance on the European
Central Bank rising interest rates by 25 basis point when it
meets on Thursday. Earlier in the day, they were pricing in a 90% chance of a
50-bps hike on Thursday. This probability had dropped to below
30% by Wednesday afternoon in Europe.
(Reporting by Joice Alves)
LONDON, March 15 (Reuters) - Money markets on Wednesday
were pricing in a greater chance that the European Central Bank
will only raise rates by a quarter point this week, as shares in
Credit Suisse tanked, fanning concerns about the health of the
European banking sector.
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