Money market investors have adjusted expectations for policy tightening in terms of interest rate increases to happen after September 2020, as compared to June 2020 before the ECB meeting last Thursday. Any increase would be the central bank’s first since 2011, and the ECB is just the latest major global central bank to announce that their departure from a decade of loose monetary policy may be less smooth and imminent as anticipated. This move has been due to weak eurozone data including that of Italy entering recession and Germany being on the margin of one.