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ECB Pricing A Touch Softer As Lagarde Remains Non-Committal On Sep Meeting

STIR

~11bp of tightening now showing for the Sep meeting on the ECB-dated OIS strip vs. slightly better than even odds of a 25bp step pre-decision, with Lagarde's lack of commitment re: the September meeting and underlining of the Bank's data-dependent stance front and centre.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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