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ECB Hikes Rates to 2.5% Amid War Inflation; Gilt Yields Spike

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • The European Central Bank raised its deposit rate to 2.5% to combat war-driven inflation, with Brent crude exceeding $100 per barrel.
  • The move intensifies pressure on the Bank of England to raise rates as UK gilt yields surge to multi-year highs, straining government finances.
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