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ECB raises eurozone interest rates as Iran war stokes inflation

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European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next springBusiness live – latest updatesThe European Central Bank has raised interest rates for the first time since 2023 in response to higher inflation caused by the war in Iran. The ECB raised its main deposit rate from 2% to 2.25% and financial markets are pricing in two more rises by next spring.

European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next spring

The European Central Bank has raised interest rates for the first time since 2023 in response to higher inflation caused by the war in Iran.

The ECB raised its main deposit rate from 2% to 2.25% and financial markets are pricing in two more rises by next spring.

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ECB (ORG) Iran (LOCATION) European Central Bank (ORG)
Originally published by The Guardian World Read original →