Free Trial
MNI EXCLUSIVE

MNI Looks at NI Protocol Timetable

OIL PRODUCTS

VLCC, Suezmax CPP Utilisation

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Rate Hike Pricing Pared Back

ECB

ECB rate hike pricing has pulled back sharply in the last 30 minutes, with the Dec 2022 meeting rate now seen as low as 0.436% vs just above 0.50% at around 1520BST (and vs session high of 0.552%).

  • Comparatively, US implied rates fell only about 2bp, while UK rates remained stable.
  • Comes on the back of MNI's Policy piece which in part cites ECB sources downplaying Dutch central bank chief Knot's call for a possible 50bp hike.

Dec 2022 ECB Meeting Implied Rate %Source: BBG

100 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

ECB rate hike pricing has pulled back sharply in the last 30 minutes, with the Dec 2022 meeting rate now seen as low as 0.436% vs just above 0.50% at around 1520BST (and vs session high of 0.552%).

  • Comparatively, US implied rates fell only about 2bp, while UK rates remained stable.
  • Comes on the back of MNI's Policy piece which in part cites ECB sources downplaying Dutch central bank chief Knot's call for a possible 50bp hike.

Dec 2022 ECB Meeting Implied Rate %Source: BBG