15 Hrs
Source:
الاقتصادية
European rates rise amid oil at $100
The article discusses market expectations regarding the likelihood of the European Central Bank raising interest rates, amid increasing inflation risks caused by rising oil prices to around $100 per barrel and sharp increases in natural gas prices. Although the bank has recently kept interest rates unchanged, statements indicate the possibility of a hike in September, especially given the worsening economic outlook and the rising risks from the Iran conflict and regional uncertainties. Markets are expecting two rate increases before the end of the year, with at least one likely in September, as officials focus on the need for policy responses to keep inflation within targeted levels.
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