ECB Raises Interest Rates Amid Iran War Inflation Pressures

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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The bank, fighting price pressures spurred by the war in the Middle East, raised its benchmark rate to 2.5 percent.

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ECB padidino bazinę palūkanų normą iki 2,5 proc.

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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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