Traders are betting that the European Central Bank will cut interest rates by at least half a percentage point before the middle of this year, mainly focusing on options related to the three-month Euribor interest rate, which expires in June. They have been rapidly accumulating since the beginning of the year. One of the bets will pay over 11 million euros, which is 25 times the initial investment. Policymakers at the European Central Bank have said they intend to further lower interest rates, with a possible reduction of 25 basis points at each meeting. The market expects a rate cut decision to be made on January 30th next year.#GT