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Washington Scraps Tax Treaty with Hungary

Hungary Minister Expects Decision Next Week About New Reference Rate

Hungary Minister Expects Decision Next Week About New Reference Rate
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Money Markets Added to ECB Easing Bets

Money markets added to policy easing bets, fully discounting an April rate cut (not our preferred scenario) and discounting a cumulative 50 bps rate cuts by June and almost 150 bps by the end of the year. That’s more or less equal to a 25 bps rate cut at each and every meeting starting in April.

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