The ECB raised its deposit rate to 2.25% as Brent crude peaked at $118 amid Middle East conflict, pushing euro area inflation to 3.2% in May

As oil prices surged on Wednesday, Euro zone government bonds experienced a decline. Heightened hostilities in the Middle East were a major factor driving Brent crude upward.…

The ECB raised its deposit rate to 2.25% as Brent crude peaked at $118 amid Middle East conflict, pushing euro area inflation to 3.2% in May