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.
What are our standards?