Traders Bet on Two ECB Hikes This Year as Energy Prices Surge

Traders are fully pricing two interest-rate hikes from the European Central Bank this year, as an attack on Iranian energy assets revived fears of an inflation spike.

By Greg Ritchie, James Hirai · Bloomberg Markets

Traders are fully pricing two interest-rate hikes from the European Central Bank this year, as an attack on Iranian energy assets revived fears of an inflation spike.