Traders now see almost no chance (under 30%) of an ECB rate cut at its September 11 meeting, up from about 50% before news of a looming 15% EU–U.S. tariff deal.
After eight cuts over the past year, the ECB held rates steady this week, and President Christine Lagarde’s upbeat tone—emphasizing that policy is in a “good place” and warning that trade-related bottlenecks could stoke inflation—pushed two-year German yields up over 10 basis points to 1.90%.
Source link
