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Money markets scale back ECB rate rise / bet on coronavirus variant worries, / betting the underlyin ...

The European Central Bank's announcement of a new coronavirus variant spreading across South Africa obscured the short-term economic outlook.

In December 2022, Money market futures was priced to 50%, having fully priced in such a move earlier this week.

That move is clearly reflected in the smiliar stance on a rate hike in the United States and Britain.

The latest COVID headlines news comes as the EU already has a resurgent outbreak of the virus, triggering new restrictions in a number of countries.

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