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ECB Hikes Rates 25 Bps on Mideast Inflation Fears as Bund Yields Surge

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The Story

News Summary

  • The European Central Bank raised key interest rates by 25 basis points, lifting the deposit facility rate to 2.50%.
  • Driven by Middle East conflict and rising energy costs, the ECB lifted medium-term inflation forecasts, pushing Germany's 10-year Bund yields to multi-year highs.
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GER40 price history

25568.56 +7.76% over the displayed period

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