Market attention this year has been very much focused on hikes in central bank rates and when they might end. Futures contracts indicate that traders believe US rates have now reached a peak and the ECB will deliver just one more hike this autumn.
ECB raises rates again, leaves options open about further hike
As had been well signalled, the July meeting of the ECB’s Governing Council saw the central bank raise rates by a further 25bps, pushing the key deposit rate up to 3.75%
