The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices linked to the Iran war.

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

The ECB is expected to raise its deposit rate by 25 basis points to 2.25% on June 11, its first hike in over a year. Here's what it means for crypto.

ECB is first big central bank to hike rates since Iran war