ECB Rate Hike Imminent Amid Oil Price Surge

The European Central Bank (ECB) is poised to raise interest rates in response to ongoing inflation worries and rising bond yields, amidst escalating tensions in the Middle East.

Oil prices have surged above $100 a barrel for the first time since July, pushing energy costs and inflation fears higher.

The ECB's decision is expected to be widely anticipated, with markets fully pricing in a rate hike to around 2.50%.