Markets predict only slender rate rise in 2020

The chance of the European Central Bank (ECB) hiking interest rates this year has fallen to 15% and financial markets expect rates to rise only once in 2020, by a slender quarter point.

The rate rise indications, which are based on financial bets as suggested by the Euribor money markets, come as evidence piles up that growth in manufacturing and exports in Germany and other big economies in the eurozone is drying up.