Eurozone money markets see ECB hiking rates by July 2019

Eurozone money markets appear to have fully priced-in a European Central Bank (ECB) rate hike by July 2019, following the latest ECB-speaks that indicated that the monetary policy normalization is well on track.

Key Points:

Money markets almost fully pricing in a rate hike by July 2019.

According to ECBWATCH, Eurozone money markets price in 70 percent chance of a rate hike in June 2019, up from 50 pct earlier this week.