Debt markets see more ECB rate cuts as oil slides, China stumbles

London

DEBT investors moved to price in a 50 per cent chance of a further rate cut from the European Central Bank at its March meeting as Thursday's Chinese market rout and sliding oil prices dimmed the outlook for inflation.

Crude prices, already depressed by global oversupply, slumped to a new 11-year low as sharp falls in China's currency and stock markets raised fears about demand in the world's second largest economy.