Policymakers at the two central banks are looking to get ahead of the energy price surge translating into broader inflation.

The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.

Policymakers at the two central banks are looking to get ahead of the energy price surge translating into broader inflation.

European Central Bank looks to tamp down inflation fears

The European Central Bank is expected to make its first interest rate hike in nearly three years amid increasing inflationary pressure due to the Iran war.

European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, Sept. 11,…

The move puts Frankfurt ahead of its global peers. But risks echoing the institution’s ill-fated 2011 policy response.