European Central Bank may raise rates in June, says Patsalides

Christodoulos Patsalides, Governor of the Central Bank of Cyprus, indicated that the European Central Bank (ECB) could raise its 2% deposit rate in June 2026. This potential move is driven by inflationary pressures from increasing oil prices and geopolitical instability. Patsalides emphasized that any hike would likely be a one-off adjustment rather than the start of a long-term tightening cycle, and the final decision remains strictly dependent on upcoming economic data. Such an increase would impact European bond markets and potentially influence the appeal of alternative assets like cryptocurrencies by increasing the opportunity cost of holding non-yielding investments.

(Source：Crypto Briefing)