The European Central Bank increased its interest rate by 25 basis points to 2.25%, its first hike since 2023, aiming to tackle inflation fueled by the Middle East energy crisis.
ECB raised rates to 2.25% (first hike since 2023) to fight eurozone inflation (3.2%) from Middle East energy crisis. Higher borrowing costs tighten IT budgets; 0.8% growth forecast signals softer enterprise spending on cloud and infrastructure.
There are fears that this move could hurt the struggling eurozone economy
Jun 12, 2026
10:02 am
What's the storyThe European Central Bank (ECB) has raised its benchmark interest rate by a quarter point to 2.25%.
This is the first hike since 2023 and is aimed at tackling rising inflation fueled by the energy shock caused by the US-Iran conflict in West Asia.
ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation
ECB makes first rate hike since 2023 to tame Iran war inflation
European Central Bank hikes rates for first time since 2023 as Middle East conflict fuels inflation
ECB hikes interest rates for first time since 2023 | Euractiv
ECB raises interest rate to tackle inflation surge
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European Central Bank raises interest rates for first time in three years
Europe's Central Bank hikes interest rates after nearly 3 years amid Iran War energy shock
ECB raises rates to tackle inflation surge
ECB raises interest rates for the first time in three years
The European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since…
Critics, however, warn the move may not curb inflation stemming from energy shortages. Read more at straitstimes.com. Read more…
The ECB raised interest rates by 25 basis points for the first time since 2023 as Middle East conflict drives inflation above 3%.…
The Bank also lifted its inflation outlook for this year to 3% and lowered its growth forecast to 0.8%
The European Central Bank has been moving to rein in inflation after a long pause on rate changes. The policy shift is aimed at…
The ECB raised its deposit rate to 2.25% and signals another hike as Iran conflict drives euro-area inflation to 3.2%. Here's…
