Reported about 6 hours ago
An options trader is positioning for a substantial payout of €25 million by betting that the European Central Bank will reduce interest rates to 1% this year. The trader has increased their contracts linked to the three-month Euribor rate and anticipates multiple rate cuts at upcoming monetary meetings. Recent ECB data indicates slowed wage growth, reinforcing expectations for easing monetary policy amidst sluggish economic activity in the euro area.
Source: YAHOO