ECB

‘Good chance’ of peak rates

Down to 5.9% in the EU

Due to rising inflation forecasts

Rate hike decision tomorrow

When will it reach 2%?

Markets price in 5.7% peak rate

Highest level since 2008

German-Italian 10-year spreads have tightened despite fiscal fears

Bid to tackle inflation

Rates across Europe appear to have upward momentum relative to the US