Traders have lowered their expectations for continuous interest rate hikes by the ECB. Currently, the probability of interest rate hikes in October is less than 40%. Earlier, ECB President Lagarde said that higher bond yields since the central bank's last meeting will slow down economic growth and limit inflation. Traders lowered their bets on the ECB's interest rate hike until next February 3rd meeting, and the rate hike included in the October meeting fell to 9.5 basis points.

Traders have lowered their expectations for continuous interest rate hikes by the ECB. Currently, the probability of interest rate hikes in October is less than 40%. Earlier, ECB President Lagarde said that higher bond yields since the central bank's last meeting will slow down economic growth and limit inflation. Traders lowered their bets on the ECB's interest rate hike until next February 3rd meeting, and the rate hike included in the October meeting fell to 9.5 basis points.