ECB rate-hike expectations are being scaled back after oil prices fell to $69 per barrel amid Middle East peace progress, reshaping the outlook for crypto

The ECB raised rates to 2.25% and cut 2026 growth forecasts to 0.8% as Middle East conflict drives energy prices and inflation toward 3.4%.

The ECB raised its deposit rate to 2.25% as eurozone inflation hit 3.2% in May 2026. Falling oil prices could ease pressure, but growth forecasts look weak.

ECB rate-hike expectations are being scaled back after oil prices fell to $69 per barrel amid Middle East peace progress, reshaping the outlook for crypto

Traders now expect less than 25 basis points in ECB rate hikes for the rest of 2026 as falling oil prices from Middle East peace progress reduce inflation