Euro zone money markets price full ECB rate cut by December
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LONDON (Reuters) - Euro zone money markets started to fully price in a December interest rate cut from the European Central Bank on Wednesday, as the spread of coronavirus outside of China pushed traders to ramp up expectations for more stimulus. Eonia money market futures dated to the ECB's December 10 meeting now show about 10 basis points of rate cuts being priced in, up from around 7.5 bps on Monday . That equates to around a full probability of a 10 bps cut from the bank.The probability of..