Trader Bets Big on Aggressive ECB Rate Cuts to Combat Weak Growth

• One trader bets ECB will cut rates by 75 basis points, double what markets expect • The trade seeks a maximum payout of €8.3 million but cost is reduced by writing options to limit potential losses • Markets have pared back expectations for ECB rate cuts from 3 to 1.5 cuts amid stronger US data • ECB officials echo concerns about stagnating Eurozone growth, signaling rate cuts may be nearing • The trader is wagering the ECB will be more aggressive in loosening policy to combat weak growth