ECB's Nagel: Markets see over 95% probability of a September rate hike
The European Central Bank (ECB) Governing Council member Joachim Nagel said on Wednesday that markets see over 95% chance of a September rate hike.
Key quotes
Markets see >95% probability of a September rate hike.
Germany must accept a deficit rise for a certain period.
Current German government spending must be exceptional.
Market reaction
At the time of writing, the EUR/USD pair is down 0.09% on the day at 1.1580.
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