Market Prices 100% Probability of ECB Rate Hikes Twice by Year-End at 25bp Each

According to market pricing on July 23, the European Central Bank is expected to raise interest rates twice by the end of 2026 at 25 basis points per hike, with market probability at 100%.

Market participants are also increasing bets on Bank of England rate hikes, with 100% probability priced in for 75 basis points of cumulative increases by mid-2027.

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