- 3h ago
ECB raises rates for the first time since 2023, citing Iran war energy shock and inflation at 3.2%
The European Central Bank lifted its key deposit rate by 25 basis points to 2.25%, its first increase in three years, responding to an inflation spike driven by the conflict in Iran.
- 4h ago
ECB raises deposit rate to 2.25%, first hike since September 2023, to combat 3.2% inflation fuelled by Iran war
The European Central Bank raised its benchmark deposit rate by a quarter-point to 2.25% on Thursday, its first increase in nearly three years, as the war in Iran clogs the Strait of Hormuz and sends energy prices soaring across the eurozone.
