Traders Bet on European Rate Hikes as Energy Prices Surge
Investors are pricing in interest rate hikes from the ECB and Bank of England as rising energy costs drive inflation. Markets now expect tightening by June.
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Investors are holding firm on expectations for interest rate hikes across Europe as the European Central Bank and the Bank of England prepare for their latest policy announcements. The shift in market sentiment follows a surge in energy prices linked to the geopolitical conflict involving the United States, Israel, and Iran, which has effectively dampened previous hopes for imminent rate cuts.
