ECB rate rise in 2021? Markets starting to think about it
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LONDON (Reuters) - Money markets are starting to price higher interest rates for the euro zone next year, reflecting belief the economy is past its worst and the European Central Bank is wary of further monetary easing. Early last year, money markets had bet on the ECB raising interest rates in 2020. But worsening economic indicators and the U.S.-China trade war forced investors to position for rate cuts instead. Indeed, the ECB cut rates to a record low -0.5% in September and resumed asset..