The European Central Bank has raised interest rates for the first time in nearly three years to counter inflation linked to the Iran war.
The move, which risks placing further strain on the eurozone's weak economy, highlights mounting concern over rising prices.
What was the ECB rate rise?
Policymakers in Frankfurt lifted the benchmark deposit rate by 0.25 percentage points to 2.25%, ending a long pause after seven consecutive holds at 2.0%.
The ECB has faced a delicate balance between containing inflation and avoiding a deeper economic slowdown.
