Interest rates could go ‘significantly higher’ if oil prices keep climbing — even if the Iran war ends soon
Summary
Bank of America strategists have identified a strong link between interest rates and oil prices across the United States, the United Kingdom, and Germany. They warn that borrowing costs could rise substantially if crude prices continue to climb, regardless of whether the conflict involving Iran is resolved quickly.
Strategists at Bank of America found a dramatic correlation between interest rates and oil prices in the U.S., U.K. and Germany.
Source: Read the full story at MarketWatch.com - Top Stories
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