The President of the European Central Bank hinted that the interest rate cut cycle is nearing its end, and the market is no longer fully pricing in a further 25 basis point cut this year

ChainCatcher news, according to Jinshi Data reports, traders have reduced their bets on future interest rate cuts by the European Central Bank and no longer fully price in the expectation of a 25 basis point cut this year. The money market's expectation for further rate cuts before December was once only 23 basis points, while prior to the ECB's rate decision on Thursday, the market expectation was 32 basis points. Short-term bonds led the decline, with the yield on two-year German government bonds rising by 7 basis points to 1.87%. Previously, ECB President Lagarde stated that the central bank's rate-cutting cycle is nearing its end.