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The US-Iran conflict faces escalation risks; traders increase bets on the European Central Bank raising interest rates.
Ask AI · How does the escalation of the US-Iran conflict boost expectations of the European Central Bank raising interest rates?
【Risk of escalation in US-Iran conflict traders increase bets on ECB rate hikes】Cailian Press, April 7 — The risk of further escalation in the US-Iran conflict keeps traders cautious, and the market has once again firmly expected the European Central Bank to raise interest rates three times, by 25 basis points each time; in comparison, the market’s expected rate hike at last Thursday’s close was about 69 basis points.