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PINCH Update: Following ECB President......>

EUROZONE
EUROZONE: PINCH Update: Following ECB President Mario Draghi's relatively dovish
statement at last week's Governing Council meeting, the implied probability of a
10bps cut to the deposit rate at the December 2019 meeting has inched down to
52.2% from 54.3% a week ago and 86.2% last month. Further fuelling the dovish
re-pricing has been a slight downward adjustment to the final November CPI print
for the Eurozone, which now stands at 1.9% from 2.0% previously.  
For the latest PINCH estimates please see:
http://marketnews-m.objects.xtenit.com/MNI_PINCH_UPDATE.PNG

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