ECB Raises Rates 25bp Tonight, Likely Only Hike in Current Cycle: Jefferies

According to Jefferies global economist Mohit Kumar's report, the European Central Bank will raise interest rates by 25 basis points tonight (June 11), which will likely be the only rate hike in the current cycle. The next possible rate-hike window is September, when new ECB staff projections will be released, though geopolitical factors and oil prices may reduce the necessity for further increases.
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