November 29, 2018 / 10:55 AM / 12 days ago

Money markets now see only 70 pct chance of ECB rate hike in 2019

LONDON, Nov 29 (Reuters) - Eurozone money market futures are now pricing in a roughly 70 percent chance of a European Central Bank interest rate rise next year, in a further scaling back of rate hike expectations.

The futures market implies a 71 percent chance of a 10 basis point hike in 2019, down from a 95 percent chance late last week and 100 percent earlier this month. (Reporting by Virginia Furness Editing by Tommy Wilkes)

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