Rising Oil Prices Expected to Lock in ECB's September Rate Hike, Commerzbank Says

According to Commerzbank rate strategist Rainer Guntermann, rising oil prices are expected to lock in a European Central Bank rate hike in September, with markets already fully pricing in this expectation. ECB President Christine Lagarde may adopt a hawkish tone on inflation risks. However, as economic headwinds intensify, the situation remains uncertain and Lagarde is unlikely to provide early commitment to a September hike.
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