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ECB rate decision seen as a foregone conclusion ahead of meeting

BNP Paribas analysts say the ECB’s outcome is effectively a foregone conclusion. Money markets are fully pricing a 25-basis-point hike on Sept. 10,

The market enters the European Central Bank's monetary policy meeting with its outcome "effectively a foregone conclusion," BNP Paribas analysts say in a note.

Money markets are fully pricing a 25-basis-point hike on Sept.

10, "Two developments reinforce the case for a September…