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Renewed Hormuz tensions add uncertainty to ECB rate outlook

The renewed U.S. and Iran strikes extend uncertainty into the ECB decision next week, with analysts describing the outlook as extremely volatile.

Reported · Written up by our desk · Central Banks

Renewed hostilities in the Hormuz Strait area, marked by several consecutive days of strikes exchanged between the United States and Iran, have increased uncertainty around the European Central Bank's next policy decision.

CNBC World reports that the intensified geopolitical risk is making it harder for markets and ECB-watchers to gauge the timing and direction of future rate moves, given the developing and shifting outlook.

CNBC Economy similarly points to the same streak of U.S. and Iran exchanges as a key driver of volatility heading into the ECB decision next week.

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