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ECB Hikes Rates to 2.5% as Oil Surges Above $100

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

News Summary

  • The ECB raised interest rates by 25 basis points to 2.5% to fight energy-driven inflation as Brent crude topped $100.
  • Hawkish signals suggest borrowing costs could reach 3.0%, increasing pressure on European growth while driving up yields amid persistent Middle East geopolitical tensions.
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BRENT price history

104.61 +64.07% over the displayed period

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