‘The pivot is in.’ Key ECB official doesn’t rule out interest-rate cuts next year

‘The pivot is in.’ Key ECB official doesn’t rule out interest-rate cuts next year

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Isabel Schnabel, a European Central Bank board member, declined to rule out interest-rate cuts next year in an interview published Tuesday. Her remarks helped to further cement market odds the ECB will cut rates next year, to 69% in March and 90% in April. The yield on the 2-year German bund…

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