Oil prices plunging to $58-61 per barrel have slashed ECB July rate hike odds to 33%, easing pressure after June's 25-basis-point increase to 2.25%.

European Central Bank policymakers are less pressured to raise interest rates next month due to a swift drop in oil prices. While a hike is still probable later, possibly in…

Oil prices plunging to $58-61 per barrel have slashed ECB July rate hike odds to 33%, easing pressure after June's 25-basis-point increase to 2.25%.