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Flat To A Touch Lower

EURIBOR

Euribor futures are flat to -1.0 through the blues, with the downtick in Bunds applying some very modest pressure during early Friday trade

  • Recent comments from ECB’s Holzmann generated some misleading headlines on the wires (that read more dovishly than what he actually said). Looking at the details, he noted that for him, “the probability that interest rates will rise again is no less likely than the odds of a cut.” The hawk stressed that inflation levels remain high, also alluding to “other dangers.”
  • Late Thursday, fellow Governing Council member Villeroy once again pointed to no further rate hikes unless surprises materialise.
  • Ifo data out of Germany and ECB speak from Lagarde, de Guindos & de Cos present the regional highlights ahead of the weekend.
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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