
ECB Raises Interest Rates to 2.5% Amid Inflation Pressures
The European Central Bank increased its key interest rates by 25 basis points to 2.5%, citing persistent inflation exacerbated by geopolitical tensions in the Middle East. This marks the second rate hike since the onset of the Iran war, reflecting the bank's hawkish stance on price stability.
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ECB Hikes Interest Rates for Second Time Since Iran War
The European Central Bank increased interest rates for the second time since the Iran war started, responding to signs inflation is set to stay well above 2%. The deposit rate was lifted by a quarter-point to 2.5%. Bloomberg's Oliver Crook reports from Berlin. (Source: Bloomberg)
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Read full article →ECB raises rates as Middle East conflict fuels inflation pressures
The European Central Bank (ECB) raised its three key interest rates by 25 basis points on Thursday, citing continued inflationary pressures from the conflict in the Middle East and warning that inflation was likely to remain above target for an extended period. The ECB’s governing council said the decision reflected its commitment to ensuring that […]
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Read full article →ECB expected to hike interest rates later today in response to Iran war inflation
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Read full article →ECB hikes key interest rates by 25 basis points - China Daily
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