ECB holds interest rates at 2% as inflation rises
Policymakers warn risks to economy from energy shock driven by Middle East conflict have ‘intensified’
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ECB and BoE warn of rate rises as they grapple with Middle East shock
Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation
Eurozone inflation jumps to 2.5% in March
Middle East energy shock pushes annual rate past European Central Bank’s 2% target
Eurozone inflation unexpectedly rises to 2.2% in November
Economists expect ECB to keep rates on hold at December meeting
UK inflation held steady at 3% in February
Figure comes as Middle East war has triggered a surge in energy prices
European stocks and government bonds fall as oil price climbs
Energy shock intensifies fears that global economy faces prolonged period of higher inflation
ECB holds interest rates at 2%
Central bank says labour market is ‘robust’ and private balance sheets are ‘solid’