Oil price retreat eases urgency for European Central Bank to act
Oil prices plunging to $58-61 per barrel have slashed ECB July rate hike odds to 33%, easing pressure after June's 25-basis-point increase 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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