ECB rate hike bets pushed back to late-2020, money markets show
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LONDON (Reuters) - Investors have pushed back expectations for a rise in euro zone interest rates to late-2020 from mid-2020 following the European Central Bank's decision to delay the timing of its first post-crisis rate hike. The ECB said on Thursday rates were unlikely to rise until 2020 at the earliest. It also cut its growth and inflation forecasts while offering banks a new set of cheap loans to bolster economic growth. The difference between the overnight and forward Eonia interest rates..