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🇪🇺 The ECB just hiked into an oil shock, and Bund yields are back at 2011 levels
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🇪🇺 The ECB just hiked into an oil shock, and Bund yields are back at 2011 levels

Macro Soup Newsroom Macro Soup Newsroom 4 min read

The ECB hiked its deposit rate 25 basis points to 2.50% on Thursday, its second increase of 2026, even as an oil shock keeps inflation elevated and 10-year German Bund yields sit at their highest since 2011.

TV graphic: Germany 2-year yield intraday line chart beside Christine Lagarde at a podium, labeled ECB President, LIVE Berlin.
ECB President Christine Lagarde called Thursday's 25bp hike a no-brainer as energy-driven inflation is projected to stay above 2% well into 2028. Source

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