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The Nexus
BUSINESSJul 14 · 08:00 UTCBLOOMBERGJames Hirai

Traders Boost BOE and ECB Rate-Hike Bets After Oil Price Surge

Traders are increasing their bets on rate hikes by the Bank of England (BOE) and the European Central Bank (ECB) following a surge in oil prices. The market reaction suggests higher expectations for future interest rate increases.

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