Investors further scale back expectations of ECB 2019 rate hike after weak Eurozone PMI

According to the latest money market pricing, as cited by ECBWatch, the investors further scaled back expectations of an ECB 2019 interest rate hike after weak German and Eurozone PMI data.

Further Details:

Money market futures dated to ECB's December 2019 meeting price in around 88% chance of 10 bps rate hike, down from 95% seen earlier this week.

The market gauge of long-term Eurozone inflation expectations falls to 1.6462%, the lowest since November 2017.

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