Oil price retreat eases urgency for European Central Bank to act
Oil price retreat eases urgency for European Central Bank to act Crude prices plunging below ECB forecasts have slashed the odds of a July rate hike to roughly one in three Share Add us on Google by Editorial Team Jun. A Middle Eastern conflict involving Iran had choked oil supplies through the Strait of Hormuz, crude prices surged past $93 a barrel, and eurozone inflation spiked to 3.2% in May. The ECB responded with a 25-basis-point rate hike in June, bumping its deposit rate from 2% to 2.25%.
- ▪Oil price retreat eases urgency for European Central Bank to act Crude prices plunging below ECB forecasts have slashed the odds of a July rate hike to roughly one in three Share Add us on Google by Editorial Team Jun.
- ▪A Middle Eastern conflict involving Iran had choked oil supplies through the Strait of Hormuz, crude prices surged past $93 a barrel, and eurozone inflation spiked to 3.2% in May.
- ▪The ECB responded with a 25-basis-point rate hike in June, bumping its deposit rate from 2% to 2.25%.
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Oil price retreat eases urgency for European Central Bank to act Crude prices plunging below ECB forecasts have slashed the odds of a July rate hike to roughly one in three Share Add us on Google by Editorial Team Jun. 30, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Just weeks ago, the European Central Bank was in firefighting mode.
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