Markets are pricing in two additional rate hikes by the European Central Bank by early 2027.

Europe

Who

European Central Bank

What

When

Mon, 20 Jul 2026 09:18:09 GMT · 17h 9m ago

Where

Europe ·

Why

Rising oil prices, driven by the Iran conflict, have reinforced expectations of further rate hikes.

The Frontline Impact

How this affects you

German two-year government bond yields climbed to a two-year high. The market anticipates further monetary tightening from the ECB.

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